Federal Reserve (Fed) Bank of Boston President Susan Collins hit the wires on Friday, downplaying pressures for continued rate cuts in the near term, but also keeping a steady hand underneath market expectations of a rate trim in December.
Key highlights
There’s no preset path for monetary policy.
The economy is in a very good place right now.
I won’t take a December easing off the table.
I am not seeing evidence of new inflation pressures.
The job market looks like full employment conditions.
I don’t see a big urgency to lower rates, but I want to preserve a healthy economy.
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