NEW YORK (Reuters) -Federal Reserve Bank of Boston President Susan Collins said Wednesday that if the economy meets her expectations the central bank will likely be able to lower rates at some point later this year. But the official did not give any time table for action and said she will need to see more evidence inflation is moving down to the 2% target before supporting an easing in the central bank’s interest rate target. “For the moment, policy remains well positioned, as we carefully assess the evolving data and outlook,” Collins said in a speech given to a gathering of the Boston Economic Club.
The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to add to the modest gains posted during yesterday's choppy trading session.
“Sitting here today, I would say, two or three cuts would seem to be appropriate for me right now,” Kashkari said during a CNBC “Squawk Box” interview.
(Bloomberg) Four Fed officials suggested Wednesday they don’t see an urgent case for lowering interest rates, adding to a roster of policymakers in recent days who made clear a cut isn’t likely until May at the earliest.Most Read from BloombergHaley Loses Nevada Primary to ‘None of These Candidates’ OptionChina Replaces Top Markets Regulator as Xi Tries to End RoutTesla Asks Which Jobs Are Critical, Stoking Layoff FearsUS Commercial Real Estate Contagion Is Now Moving to EuropeTrump Denied Im
The chief of the Boston Federal Reserve said inflation has slowed faster than expected and that a reduction in interest rates would be suitable “later in the.