Boston Fed President Susan Collins said in a LinkedIn post on Tuesday that she supported last week\u2019s interest-rate increase, and indicated that a more restrictive policy stance would be appropriate to return inflation to the Federal Reserve\u2019s 2% target on a durable basis. She said she now sees a higher probability of outcomes in which inflation stays above 2%, pointing to increased upside risks.<\/p>\n\n
Boston Fed President Susan Collins said in a LinkedIn post on Tuesday that she supported last week\u2019s interest-rate increase, and indicated that a more restrictive policy stance would be appropriate to return inflation to the Federal Reserve\u2019s 2% target on a durable basis. She said she now sees a higher probability of outcomes in which inflation stays above 2%, pointing to increased upside risks.<\/p>\n\n
Collins also said labour market conditions appear somewhat stronger overall. With the labour market on firmer footing, she said monetary policy can focus on a timely return to price stability, following five and a half years of inflation running too high.<\/p>\n\n\n\n