--- title: "Boston Federal Reserve President: Inflation remains high while the labor market has not significantly deteriorated; the threshold for interest rate cuts in the short term is relatively high" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/265597038.md" description: "Boston Federal Reserve President Collins stated that although she supported a rate cut last month, the threshold for further easing in the short term is relatively high, mainly due to high inflation and the labor market not showing significant deterioration. She pointed out in the meeting that unless there are clear signs of weakness in the job market, she holds a cautious attitude towards further easing of monetary policy. The internal divergence within the Federal Reserve regarding the future policy path has deepened, with some officials being cautious about rate cuts, believing that maintaining the current interest rate level may better balance inflation and employment risks in the absence of sufficient inflation data" datetime: "2025-11-12T22:32:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/265597038.md) - [en](https://longbridge.com/en/news/265597038.md) - [zh-HK](https://longbridge.com/zh-HK/news/265597038.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/265597038.md) | [English](https://longbridge.com/en/news/265597038.md) # Boston Federal Reserve President: Inflation remains high while the labor market has not significantly deteriorated; the threshold for interest rate cuts in the short term is relatively high According to the Zhitong Finance APP, Boston Federal Reserve President Collins stated on Wednesday that although she supported a rate cut last month, the threshold for further easing in the short term is "relatively high," primarily due to persistent inflation and the lack of significant deterioration in the labor market. In her written remarks at the Boston Bankers Conference, Collins noted, "Unless there are clear signs of weakness in the job market, I will take a cautious stance on further easing monetary policy, especially in the context of a government shutdown that leaves us lacking sufficient inflation data." She added, "In the current highly uncertain environment, maintaining interest rates at existing levels for a period of time may be more conducive to balancing the risks of inflation and employment." Collins' comments highlight the deepening divisions within the Federal Reserve regarding the future policy path. Federal Reserve Chairman Powell warned two weeks ago that, despite last month's rate cut decision receiving "majority support," whether to cut rates again in December is "far from a done deal." At the October meeting, the Federal Reserve lowered the benchmark interest rate range by 25 basis points to 3.75%-4.00%, but there were two dissenters: Kansas City Fed President George wanted to keep rates unchanged, while Governor Mester advocated for a 50 basis point cut, arguing that the speed of inflation decline is being underestimated by the market. Since then, several policymakers, including Collins, have issued warnings, suggesting that caution is warranted in advancing the pace of easing. St. Louis Fed President Bullard expressed concerns about overly accommodative monetary policy; Vice Chairman Jefferson also pointed out that in the absence of official economic data, "slowing down actions is particularly important." Although these officials have not explicitly stated that they will oppose a rate cut at the next meeting, their remarks imply that it will be more challenging for the Federal Reserve to reach a consensus on further rate cuts in December. Some data indicate that the U.S. labor market is showing signs of moderate slowdown, which was also a key basis for supporting a rate cut previously. Additionally, there are divisions among non-voting members. Atlanta Fed President Bostic leans towards "pausing rate cuts," while San Francisco Fed President Daly calls for maintaining an "open mind." Collins pointed out that the current short-term interest rate level still represents "moderate tightening" for the economy, but overall financial conditions provide some support for growth. She acknowledged that there are signs of cooling in the labor market, but the risks have not worsened further since the summer. Regarding inflation, Collins believes that the recent tariff increases have had a "lower than expected" impact on prices, and the effects may diminish by early 2026. However, she remains concerned that inflation has been above the Federal Reserve's 2% target for nearly five years and may remain elevated for a longer period. She emphasized, "Before further adjusting the policy stance, it is particularly important to ensure that inflation is on a solid path back to 2%." ## 相關資訊與研究 - [St Louis Fed's Musalem: Need to verify the waning of tariff inflation](https://longbridge.com/zh-HK/news/281378975.md) - [The US labor market right now can be defined by one word: Whiplash](https://longbridge.com/zh-HK/news/281686611.md) - [US initial jobless claims 202K vs 212K estimate](https://longbridge.com/zh-HK/news/281524235.md) - [The March jobs report isn't as good as it looks. Here are the bad parts.](https://longbridge.com/zh-HK/news/281653140.md) - [The U.S. economy isn't generating many jobs lately, but it might not need to](https://longbridge.com/zh-HK/news/281562341.md)