Fed’s Collins: At this stage it’s appropriate to be patient

  • Doesn’t think it’s helpful to designate a pre-set path
  • We may be near a place where we can hold rates
  • It’s likely that we will need to hold for a substantial period of time
  • More Fed rate hikes are possible
  • Hasn’t seen as much progress as hoped in core-services ex-housing
  • Housing is a big challenge for the economy
  • Mindful about how an easing in inflation would affect the policy stance

This article was written by Adam Button at www.forexlive.com. Source