Boston Fed President Collins: It is appropriate to cut interest rates later this year, but it may come later than expected
According to Jin10, Boston Fed President Collins said there is no urgency to cut interest rates in the short term given rising inflation and the resilience of the job market. She believes this week's inflation data is at the "high end" of expectations and expects inflation to continue to ease, but it may take longer than previously thought. Collins reiterated that a rate cut later this year is expected to be appropriate, but that it may come later than she previously thought. In a separate interview this week, Collins said she expected the number of rate cuts to be 'in the range of two'.
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