More from Fed's Collins: Labor markets are in a good place overall

The headlines from her earlier speech are here:

• Fed's Collins says Fed predicts 50bp of cuts into year end

Q&A now:

• Fed is focusing on both sides of its mandate
• labor markets are in a good place overall
• sees 2% inflation achieved by late next year or so
• High price levels are a challenge for many
• The optimistic path for the economy has widened

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