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Fed's Susan Collins Says Interest Rates May Need to Stay Higher for Longer

Fed's Susan Collins Says Interest Rates May Need to Stay Higher for Longer
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Fed's Collins Says Rates May Need to Stay Higher for Longer

Fed's Collins Says Rates May Need to Stay Higher for Longer
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Fed officials emphasize the 'higher for longer' mantra

Fed officials emphasize the 'higher for longer' mantra
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Howard Schneider: Fed's Collins: Further tightening possible, though "patience" required

Further Federal Reserve interest rate increases are "not off the table" with inflation still not clearly contained, Boston Federal Reserve President S

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Fed officials flag further hikes even after holding steady

WASHINGTON (Reuters) -U.S. Federal Reserve officials warned on Friday of further rate hikes even after voting to hold the benchmark federal funds rate steady at a meeting this week, with three policymakers saying they remain uncertain the inflation battle is finished. But in the first public comments since the central bank this week agreed to hold its benchmark rate steady in a range of from 5.25% to 5.50%, the emphasis was on the possibility that rates may still rise, and on the fact that monetary policy will likely remain tight longer than previously expected. "Inflation is still too high, and I expect it will likely be appropriate for the (Federal Open Market) Committee to raise rates further and hold them at a restrictive level for some time to return inflation to our 2% goal in a timely way," Fed Governor Michelle Bowman said in prepared remarks for an Independent Community Bankers of Colorado event.

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