Published Date
Apr 12, 2024
“I do expect it will be appropriate to begin lowering the federal funds rate later this year,” Collins said in the text of a speech prepared for delivery before a gathering of the
Economic Club of New York. That said, “recent data suggest it may take more time than I had previously thought to gain greater confidence in inflation’s downward trajectory, before beginning to ease policy,” the official said.
READ MORE: Fed's Collins sees no urgency to cut rates