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MNI BRIEF: Fed's Collins Sees Sept or Dec Cut This Year

Boston Fed President Susan Collins Tuesday advocated patience before lowering benchmark interest rates, noting that there are a variety of paths the economy could take this year that could make rate cuts starting in either September or December appropriate.

"I could imagine scenarios that would be consistent with both" cutting interest rates in September or December, she told Yahoo Finance in an interview ultimately advocating patience on rate cuts. "My view of how much easing might be appropriate this year has been reduced as I looked at the data," she said noting her view is consistent with the Fed's new Summary of Economic Projections issued last week. (See: MNI INTERVIEW: Fed To Cut Twice in ‘24, Start Sept.-Sheets)

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Boston Fed President Susan Collins Tuesday advocated patience before lowering benchmark interest rates, noting that there are a variety of paths the economy could take this year that could make rate cuts starting in either September or December appropriate.

"I could imagine scenarios that would be consistent with both" cutting interest rates in September or December, she told Yahoo Finance in an interview ultimately advocating patience on rate cuts. "My view of how much easing might be appropriate this year has been reduced as I looked at the data," she said noting her view is consistent with the Fed's new Summary of Economic Projections issued last week. (See: MNI INTERVIEW: Fed To Cut Twice in ‘24, Start Sept.-Sheets)

Keep reading...Show less