KARACHI / ISLAMABAD — BOSTON: Federal Reserve Bank of Boston President Susan Collins said on Saturday she supports a steady pace of modest interest rate increases because that path of action better manages economic uncertainties. The risks on the real side of the economy were “two-sided”, she said, which has implications for both the Fed’s job and inflation mandates and argues against taking aggressive action to target high levels of inflation.
Fed’s Collins says more rate hikes are coming, reports In such an environment, “my current view is that a kind of steady, gradual approach for monetary policy is appropriate” Collins told reporters at a conference at her bank.
Further updates will follow as additional official statements and developments emerge across the business sector.