Feds Collins:It’s possible the Fed will need to hike rates to cool inflation pressures
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Feds Collins indicated that the Federal Reserve may need to raise interest rates to combat persistent inflation pressures, emphasizing the importance of maintaining a restrictive policy for an extended period. She expressed concerns about inflation not cooling until 2027 and highlighted the risks posed by a prolonged Middle East conflict. While she hopes for potential rate cuts later this year, her overall stance remains hawkish, focusing on the need to anchor inflation expectations amid ongoing economic challenges.
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