Fed's Collins says too early to tell how high benchmark interest rate needs to go

It is important to shift the focus from the pace of interest rate rises to how high they need to be to bring inflation lower, but it is hard to gauge the ultimate level that will be reached this cycle, said Boston Fed President Susan Collins in Friday.

Collins... It is important to shift the focus from the pace of interest rate rises to how high they need to be to bring inflation lower, but it is hard to gauge the ultimate level that will be reached this cycle, said Boston Fed President Susan Collins in Friday. Collins said it was hard to extract the signal from the October jobs report. Indicators of demand and the labor market may continue to send different signals as businesses have a need to fill vacant positions even with some slowing in demand, she said.Collins said she was optimistic that the Fed could relieve inflation pressures in the economy without a significant economic slowdown.

I wish they would just shut up and stop manipulating the market. You want inflation down, tell your boss to stop spending.

you can't 'manage' an economy. Some guy named Hayek or something said anyone who thinks they can control an economy is either a fool or a liar.

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