"I anticipate further rate increases to reach a sufficiently restrictive level, and then holding there for some, perhaps extended, time," Collins said in prepared remarks for a presentation to a University of Chicago Booth School of Business conference in New York.
"Inflation remains too high, and recent data - including several strong labor market indicators, as well as faster-than-expected retail sales and producer price inflation - all reinforce my view that we have more work to do, to bring inflation down to the 2% target," Collins said. Collins said she was "optimistic" the Fed could lower inflation without creating a "significant downturn" and added that she was "well aware of the many risks and uncertainties, including the risk of a self-fulfilling loss of business and consumer confidence."
I’m sorry but this is so fucking stupid
What they really mean is they wasn’t some people to lose their jobs.
amlivemon hmmm ... so the basis for thinking more rate hikes are needed is how effective the rate hikes over the last 12 months have been ...
If it is totally wrong, inflation doesn’t act that way anymore best way to curb. Inflation is the lower interest rates the fed is a joke.🤣
Oh but they didn't see this coming... You're so smart
Curb/Curve...sounds familiar !🤡
Nah. It’s transitory.
Due to Government over spending the people must pay more and they can slow the collapse of the US dollar. Print print print that money....
Eloon Moosk. Let's hope for a soft landing and good as new!!
Uh huh… you can’t rate hike your way out of inflation caused by supply shocks.. war in Europe cause food and commodity inflation. Eggs up 400% Yeah unprecedented avian flu outbreak limiting supply.
FFS.