Boston Fed president Susan Collins said Wednesday that while she supported cutting interest rates at the last policy meeting, the bar for cutting rates further is “relatively high” and she sees holding rates at current levels for “some time.”
“It will likely be appropriate to keep policy rates at the current level for some time to balance the inflation and employment risks in this highly uncertain environment,” Collins said in a speech in Boston. “I see several reasons to have a relatively high bar for additional easing in the near term.”
Jennifer Schonberger | Yahoo Finance