Boston Fed’s Collins backs rate hike, warns higher-for-longer
Boston Fed President Susan M. Collins said she supported the Fed’s recent rate increase and reiterated her commitment to curbing inflationary pressures.
Federal Reserve Bank of Boston President Susan M. Collins said she fully supported the central bank’s recent decision to raise interest rates by 25 basis points, reiterating her focus on reducing inflationary pressures. In a public statement posted on her LinkedIn profile, Collins said higher interest rates may need to stay in place for longer.