Federal Reserve Bank of Boston President Susan Collins stated that evidence of easing inflation doesn't warrant ruling out further rate hikes. She emphasized the unpredictability of economic data and the need for patience, indicating a willingness to react cautiously to promising news. Despite signs of cooling inflation, Collins remains optimistic about a soft landing from inflation. Meanwhile, Fed Vice Chair for Supervision Michael Barr suggested that policymakers may be nearing the end of their interest rate hike campaign as inflation continues to cool.
Over the last year, inflation has come way down — but prices are still rising, just less quickly than they once were. There is a new hint that some prices are now on track to fall outright. https://t.co/F3opjN5I7A
After two years of sustained spending, rising interest rates, and punishing inflation, American consumers are still on a roll. A soft landing may be in sight, but there are still some potential bumps along the way. https://t.co/4Cu3FArQuf https://t.co/TiJ4qqiMPu
Boston Fed's Collins: Remain optimistic in soft landing from inflation https://t.co/dyt1sXHJsz https://t.co/7V4bLmRUXB
⚠️ BOSTON FED'S COLLINS: REMAIN OPTIMISTIC IN SOFT LANDING FROM INFLATION Full Story → https://t.co/fJlck50oqy https://t.co/aXghEWMY9T
Fed Vice Chair for Supervision Michael Barr said policymakers are likely at or near the end of their campaign to raise interest rates as inflation continues to cool https://t.co/JtgsSjEQSs
Fed's Collins: Not ready to say the rate hike cycle is over https://t.co/5In2BXREUT https://t.co/UfNVMpwlbt
Fed’s Susan Collins keeps rates hikes on the table despite signs of cooling inflation https://t.co/BzhhWmiSpf https://t.co/OI0EuK7GyB
"Data is so noisy right now, and the progress that we've seen has been pretty uneven," @BostonFed president Susan Collins tells @steveliesman in reaction to this week's CPI report and economic data. "I won't overreact if we get promising news. We're positioned to be patient." https://t.co/NWczqVa9OA
⚠️ FED'S COLLINS: NOT READY TO SAY THE RATE HIKE CYCLE IS OVER Full Story → https://t.co/rIaG2Sm4a9 Federal Reserve Bank of Boston President Susan Collins said Friday while evidence is growing that inflation is easing, she's not yet ready to rule out more rate hikes should… https://t.co/x21VAZ4HZi https://t.co/ilqqNvFRke
Fed's Susan Collins says more rate hikes can't be taken off the table yet https://t.co/PibXIOcDOm
Federal Reserve Bank of Boston President Susan Collins said policymakers should not take further tightening off the table despite welcome progress on inflation https://t.co/8jeXsr9PnM