The comments from Susan Collins came as central bankers and markets are debating whether the Fed has reached the end point for a historically aggressive rate rise campaign
Federal Reserve Bank of Boston President Susan Collins said Wednesday that while there are signs of progress in cooling inflation, now is a time for the central bank to proceed carefully when it comes to its next monetary policy steps.
Fed officials generally agree high levels of inflation are coming down, even as price pressures are still elevated. Meanwhile, the job market has also shown some signs of cooling down. In her remarks, Collins said “while we are seeing some signs of moderation, demand continues to outpace supply, creating price pressures,” and she noted that service sector price pressures have not moderated as quickly as those for goods.
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