Fed's Collins: If data develops as expected, rate cuts will soon be possible
Federal Reserve's Collins said in an interview that if the data continues to develop as expected, she believes that policy adjustments will soon begin, but the specific degree of easing, timing, and pace of adjustments will be determined by the data. She stated that the Federal Reserve has made significant progress in reducing inflation, and has done so while keeping the labor market healthy, believing that there is a path to lowering inflation without excessive slowing. The July employment report released last Friday was indeed weaker than many had expected, but one should not overly emphasize one or two employment reports. A series of other indicators indicate that the labor market conditions are relatively healthy and consistent with the inflation target. Overall, the economy is growing, and the pace of economic growth should be able to maintain a stable labor market
On August 9th, Jinshi Data reported that Colin, a member of the Federal Reserve, stated in an interview that if the data continues to develop as expected, she believes that policy adjustments will soon begin. However, the specific degree of relaxation, timing, and pace of adjustments will be determined by the data. She mentioned that the Federal Reserve has made significant progress in reducing inflation, achieving this while maintaining a healthy labor market. She believes in a path to lowering inflation without excessive slowing down. The employment report for July released last Friday was indeed weaker than many expected, but one should not overly emphasize one or two employment reports. A series of other indicators indicate that the labor market conditions are relatively healthy and consistent with the goal of inflation returning. Overall, the economy is growing, and the pace of economic growth should be able to maintain a stable labor market