Boston Federal Reserve President Susan Collins on Wednesday advocated a patient approach to policymaking while saying she needs more evidence to convince her that inflation has been tamed. In remarks that aligned with sentiment from other key central bankers, Collins said the Fed may be “near or even at the peak” for interest rates. However, she noted that more increases could be needed depending on how the data shake out from here. “Overall, we are well positioned to proceed cautiously in this uncertain economic environment, recognizing the risks while remaining resolute and data-dependent, with the flexibility to ... (full story)

{pdf} Good morning. It is a pleasure to be with you, at this podium where the New England Council hosts so many distinguished leaders. I’d like to thank Jim Brett for inviting me, early on, to speak with you. I have been looking forward to this, because of my great appreciation for the Council, and its members, working to keep New England’s economy vibrant. As a macroeconomist and former dean of a public policy school, I appreciate your focus on the ways policymakers, and organizations across New England, can collaborate in the public interest. I also appreciate the New England Council’s non-partisan nature, and the ... (full story)