The president of the Federal Reserve Bank of Boston, Susan Collins, stressed that the US economy requires a period of moderation in order to reach the 2% inflation target set by the central bank.
Featured Statements
Demand will have to slow down for inflation to reach 2%.
Fed policy is well positioned for the current outlook.
Monetary policy is “moderately” restrictive.
There are risks of cutting rates too soon.
He does not expect the productivity increase to be persistent.
The company is well positioned to absorb faster wage growth.
The recent declines in inflation are not a surprise.
The Fed is optimistic about achieving 2% inflation within a reasonable time frame.
The economy is strong and the labor market is balancing.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
