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MORNINGSTAR: Fed's Collins: Recent data 'reduces the urgency to ease'

"Overall, the recent data have not materially changed my outlook, but they do highlight uncertainties related to timing, and the need for patience," Collins said, in a speech to the Economic Club of New York.

"This also implies that less easing of policy this year than previously thought may be warranted," she added.

READ MORE: Fed's Collins: Recent data 'reduces the urgency to ease'