Federal Reserve Collins: Reaching 2% inflation could take longer than expected

The Federal Reserve Collins said that it may take longer than expected to reach the 2% inflation level; policy is moderately restrictive and appropriate for the risks; interest rates should be kept unchanged until confidence increases; the full impact of restrictive policy may not be seen yet; uncertainty is high, strengthening the need for the Federal Reserve to be patient; it is necessary to slow the growth rate of the US economy, so that inflation is on the path of falling back towards 2%; no decline in inflation has been seen since 2024; demand is expected to eventually slow, but there is uncertainty in terms of timing.