The president of the Bank of the Boston Federal Reserve, Susan Collins, said Wednesday that the US economy is solid in general and added that monetary policy is well positioned, according to Reuters.
Key aspects
“It’s time for patience and care.”
“He supported the Fed decision to keep the stable rates last week.”
“Tariffs will probably increase inflation, growth and hiring will decrease.”
“It is expected to see more impact of tariffs in the coming months.”
“It is expected to be appropriate to lower the rates later this year, but much depends on the tariffs.”
Market reaction
These comments failed to trigger a remarkable reaction in the market. At the time of publication, the US dollar index (USD) rose 0.15% in the day, standing at 98.12.
These comments from Collins received a neutral score of 5.4 from the FXSTERET Fed Speech Tracker.
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.
