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MNI: Fed's Collins Backs One More 25BP Hike, Hold Thru Yearend

(MNI) WASHINGTON

Banking turmoil may partially offset the need for even more rate increases, Boston Fed's Susan Collins says.

Boston Fed President Susan Collins said Thursday an additional 25 basis point hike would reasonably balance risks to bring inflation down, while recent banking developments will likely tighten lending standards and additionally help to reduce price pressures.

"Inflation remains too high, and recent indicators reinforce my view that there is more work to do, to bring inflation down to the 2% target associated with price stability," she said according to prepared remarks.

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Boston Fed President Susan Collins said Thursday an additional 25 basis point hike would reasonably balance risks to bring inflation down, while recent banking developments will likely tighten lending standards and additionally help to reduce price pressures.

"Inflation remains too high, and recent indicators reinforce my view that there is more work to do, to bring inflation down to the 2% target associated with price stability," she said according to prepared remarks.

Keep reading...Show less