Fed's Collins says she backed rate hike; flags elevated inflation risks
Boston Fed President Susan Collins said she supported the Fed’s prior rate hike, citing increased likelihood that inflation could run above the 2% target.
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FED'S COLLINS: NOW SEE AN INCREASED LIKELIHOOD OF FUTURE SCENARIOS IN WHICH INFLATION REMAINS NOTABLY ABOVE 2%
FED'S COLLINS: NOW SEE AN INCREASED LIKELIHOOD OF FUTURE SCENARIOS IN WHICH INFLATION REMAINS NOTABLY ABOVE 2%