Fed's Collins: Fed is intent on reducing inflation

Boston Fed president Susan Collin (nonvoting member) at a Fed Listens event on COVID, is on the wires saying:

• Fed is intent on reducing inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term
• Says inflation is simply too high

Since she is speaking on Covid and presumably it's a story and impact in the rearview mirror, we may not get much more, but will be looking for other comments on the economy or monetary policy.

On May 25th, Fed's Collins expressed the view that a pause on rate action would give the Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term room to measure the impact of previous actions. Collins suggested that the Fed may be at or near the time to pause rate hikes, noting that while inflation remains too high, there are promising signs of moderation. Collins emphasized the importance of making policy decisions based on a comprehensive assessment of available information.

In the Q&A on that day, Collins stated that the baseline outlook does not anticipate a significant economic downturn, but mentioned that a modest increase in unemployment would not be surprising. Additionally, Collins acknowledged that the decline in inflation has been slower than expected. This perspective adds some pushback from the more dovish stance within the Fed, revealing a clear divide regarding future rate hikes.