Fed Collins: Despite encouraging recent data, inflation remains too high | Forexlive

FOMC member Susan Collins is speaking and says:

• “Optimistic” inflation can fall with only a “modest” rise in unemployment, sees a “widened” pathway to that outcome.
• Current policymaking requires “considerable” patience to get the right signal from data.
• Despite “encouraging” recent data, inflation remains too high.
• Key elements of inflation, such as core services excluding shelter, haven’t demonstrated “sustained” improvement.
• Supports vigilance regarding inflation risks; believes it’s “too soon to be confident” that inflation is under control given the continued above-trend economic activity.
• Cash levels are reverting to “pre-pandemic norms”; anticipates household and business spending to be more influenced by high interest rates.
• Some inflation readings have been encouraging
• Core services ex shelter has not improved consistent with price stability
• Economic activity continues to be above trend

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• Source: https://www.forexlive.com/centralbank/fed-collins-despite-encouraging-recent-data-inflation-remains-too-high-20230922/