Fed’s Collins wants to see inflation cool in more categories before supporting rate cuts

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The slowing of inflation must broaden out to other sectors before it will be appropriate to ease policy, Boston Fed President Susan Collins said Wednesday. “What would I need to see in the data to determine when it will be appropriate to ease policy?” Collins asked in a speech at the Tuck School of Business at Dartmouth College.

“Expecting all data to speak uniformly is too high a bar. Still, it will be important to see sustained, broadening signs of progress” toward low inflation and healthy labor markets, she answered. In particular, Collins said she wanted to see continued declines in h …

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