Federal Reserve Bank of Boston President Susan Collins spoke earlier.
In a nutshell said that while the odds of the economy escaping a recession have grown, it’s possible the central bank is not done with interest rate hikes aimed at bringing inflation back to its target.
More now:
- Federal Reserve will factor in ‘unrest in the Middle East’
- Economy has yet to feel the full impact of FOMC rate hike cycle
- Sees no reason to change the Fed’s inflation target
Fed’s Collins