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MNI BRIEF: Collins Sees 'Additional' Fed Cuts, Data-Based

Boston Fed President wants to keep the economy more or less where it is now.

Federal Reserve Bank of Boston President Susan Collins said Wednesday she sees a series of interest-rate decreases ahead as the central bank eases off of restrictive monetary policy, adding she would like to keep the U.S. economy and labor market roughly where they are today.

"Preserving the current favorable economic conditions will require additional adjustment to the stance of monetary policy, so as to not place unnecessary restraint on demand," she said in prepared remarks to the Worcester Regional Research Bureau. "The recent data, including September’s unexpectedly robust jobs report, bolster my assessment that the labor market remains in a good place overall – neither too hot nor too cold,"

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Federal Reserve Bank of Boston President Susan Collins said Wednesday she sees a series of interest-rate decreases ahead as the central bank eases off of restrictive monetary policy, adding she would like to keep the U.S. economy and labor market roughly where they are today.

"Preserving the current favorable economic conditions will require additional adjustment to the stance of monetary policy, so as to not place unnecessary restraint on demand," she said in prepared remarks to the Worcester Regional Research Bureau. "The recent data, including September’s unexpectedly robust jobs report, bolster my assessment that the labor market remains in a good place overall – neither too hot nor too cold,"

Keep reading...Show less