Collins Dissents: Fed Shifts on Rate Cuts

Boston Fed President Susan Collins joined dissenters at the recent FOMC meeting, advocating for a neutral stance amid rising inflation. She criticized the post-meeting statement for hinting at future rate cuts, instead pushing for language open to hikes or holds. Collins, along with Dallas, Cleveland, and Minneapolis Fed officials, argued against an easing bias that didnt reflect the economys strength. Persistent inflation, driven by energy shocks and supply chain issues, has led Collins to expect rates to hold longer, potentially even with mildly restrictive hikes if inflation worsens. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0a29850a5e10ebad