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

By Caroline Gaudette

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