Breaking
Boston Fed’s Collins Says Rate Hike May Soon Be Appropriate Without Sustained Disinflation
Minseung Kang
Summary
- Boston Fed President Susan Collins said a rate hike may soon be appropriate if there is no evidence of sustained disinflation.
- Collins said it would be appropriate to raise the benchmark interest rate if there is no evidence that the slowdown in inflation is continuing.
- She said inflation remains too high and that she is concerned about the Fed’s price stability mandate.
Susan Collins, president of the Federal Reserve Bank of Boston, said it may soon be appropriate to raise interest rates if there is no evidence of sustained disinflation.
Walter Bloomberg reported on August 25 that Collins said, “If there is no evidence of sustained disinflation, it would soon be appropriate” to raise rates.
Inflation remains too high, she said, adding that she is concerned about the Federal Reserve’s price-stability mandate, one of the US central bank’s two responsibilities.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.