Federal Reserve's Collins: Likely to keep current interest rates for some time

Boston Federal Reserve Chair Susan Collins stated that recent employment data is encouraging. The job market softened last year but was not weak; although fragile, its stability may have improved. She is seeking more evidence to confirm that the process of cooling inflation has restarted. The baseline view is that inflation should decline later this year. She also mentioned that it is likely to keep the current interest rates for some time. The Federal Reserve’s policy is somewhat tight, possibly approaching neutral, and monetary policy is currently in a favorable position to address risks.