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Collins: The Importance of a Patient, Methodical, and Holistic Approach to Monetary Policy
Collins expects inflation to return to 2% while the job market stays strong. Collins is committed to returning inflation to the Fed’s 2% target and expects this process to unfold over time, with the labor market remaining healthy. She notes that risks to the economy are two-sided (risks from cutting rates prematurely, as well as from waiting too long). Collins continues to expect it will be appropriate to begin easing policy later this year, but more time is needed to gather information instilling greater confidence that progress will continue. Policy decisions must be based on holistic data assessment, and the ... (full story)
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FED'S COLLINS - RECENT DATA ARGUE AGAINST IMMINENT NEED TO CHANGE RATES
— *Walter Bloomberg (@DeItaone) April 11, 2024
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— FinancialJuice (@financialjuice) April 11, 2024FED'S COLLINS: MAY TAKE LONGER TO GET INFLATION BACK TO 2%.