Economy News Fed S Collins Says Economy May Need To Weaken To Get 2 Inflation

Fed’s Collins says rising inflation is ‘somewhat less likely’

Federal Reserve Bank of Boston President Susan Collins said on Monday that she backed last week’s 25 bps interest rate cut and changed her mind ... Read More

Fed’s Collins says cut was close call, balance of risks shifted

Federal Reserve Bank of Boston President Susan Collins said she supported last week’s interest rate reduction, but the decision was a “close call” because she remains concerned about elevated ... Read More

Is the Federal Reserve likely to cut interest rates in December? Here's what economists say.

Just a few weeks ago, a December interest rate cut was viewed as practically a done deal by many economists. Now, with fresh government data showing solid U.S. job growth in September, many ... Read More

Fed split deepens as Collins says she would hesitate to support another cut

Collins sees high bar for further easing due to inflation concerns Fed divisions highlighted by differing views on rate cuts Collins views short-term borrowing costs as mildly restrictive Nov 12 ... Read More

Fed’s Daly Says Need to Avoid Mistake of Holding Rates Too Long on Bloomberg Surveillance

“If you unpack the data, you don’t see inflation running up in services or housing, and importantly, you don’t see it spreading into inflation expectations. We ... Read More

Chicago Fed president on the economy’s mixed signals

Inflation is showing fresh signs of cooling, ticking up 2.7% year-over-year, lower than many economists had expected. It follows the release of a delayed jobs report that showed weak growth and the ... Read More

Fed's Collins Leans Against December Rate Cut in CNBC Interview

BOSTON (Reuters) -Federal Reserve Bank of Boston President Susan Collins said on Friday that monetary policy is in the right place amid a resilient economy, in comments that suggest she remains ... Read More

An unusual trend in the economy is worrying the Fed

Something in the US economy isn’t adding up, and it’s rattling the people charged with wrangling inflation and keeping the labor market intact. US companies have sharply slowed their hiring this year, ... Read More

Fed Vice Chair Says Economic Trade-Offs Justify Gradual Rate Cuts

Fed Vice Chair Philip Jefferson said Monday that the evolving balance of risks-of stubborn inflation and weaker employment conditions-underscores the need to lower interest-rate slowly. Jefferson's ... Read More

Fed's Collins: Monetary policy currently in right place, hesitant about cutting rates

Fed's Collins remains hesitant to cut interest rates again Collins says Fed facing conflicting movement in mandates Collins says will go into FOMC with open mind BOSTON, Nov 22 (Reuters) - Federal ... Read More

Fed’s Jefferson Says Fed Should ‘Proceed Slowly’ With Any Further Easing

Federal Reserve Gov. Philip Jefferson said Monday that the Fed should move cautiously with any further rate cuts to avoid undermining its anti-inflation efforts. After two quarter-point rate ... Read More