It is premature to say how high the Fed's benchmark interest rate needs to go, said Boston Fed president Susan Collins on Friday.
It is important to shift the focus from the pace of interest rate rises to how high they need to be to bring inflation lower, but it is hard to gauge the ultimate level that will be reached this cycle, said Boston Fed President Susan Collins in Friday.
Collins... It is important to shift the focus from the pace of interest rate rises to how high they need to be to bring inflation lower, but it is hard to gauge the ultimate level that will be reached this cycle, said Boston Fed President Susan Collins in Friday. Collins said it was hard to extract the signal from the October jobs report. Indicators of demand and the labor market may continue to send different signals as businesses have a need to fill vacant positions even with some slowing in demand, she said.Collins said she was optimistic that the Fed could relieve inflation pressures in the economy without a significant economic slowdown.
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