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Collins Reiterates Need For Patience Amidst Elevated Uncertainty

FED

Boston Fed’s Collins (’25 voter) reiterates in a speech that elevated uncertainty reinforces the need for patience and that the Fed should keep interest rates steady until it is more confident. Full remarks here.

  • Reaching 2% inflation may take longer than thought – bbg
  • Haven’t seen further disinflationary progress in 2024 - bbg
  • Possible haven’t seen full impact of restrictive policy – bbg
  • The comments at first glance look similar to her pre-FOMC remarks from Apr 12 that it’s too soon to tell if the recent CPI numbers, which were on the “high end” of expectations, were more than a bump whilst she sees the Fed cutting later than previously thought.

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