Boston Federal Reserve President: Falling inflation will prompt the Federal Reserve to cut interest rates soon
2024-08-09 12:22:33
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Collins, chairperson of the Boston Fed and a member of the FOMC in 2025, said in an interview that if inflation continued to decline and the labor market remained strong, the Fed would likely begin to ease interest rate restrictions. Collins added that despite the latest employment data being lower than expected, the US labor market remained strong. She warned that while inflation was returning to its 2% target, it was moving more slowly than expected.
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