Fed's Collins: Inflation Still Too High, Labor Market Promising
Boston Fed President Susan Collins stated that inflation remains elevated. She also noted that while there are "promising pieces" in the labor market, other aspects are "not as promising."
Boston Fed President Susan Collins said inflation remains too high during a conference in Asheville, North Carolina. After Wednesday’s release of the Fed’s preferred inflation report, Collins said there are some promising signs, though some parts are less encouraging. Collins also said the labor market is promising.