Collins Points to History to Defend Fed's Stance on Inflation

Federal Reserve Bank of Boston President Susan Collins said that there’s “more work to do” to bring inflation down and that it will be important to monitor data given the uncertainty over how much the recent banking turmoil will affect credit and the economy.

“We still do have more work to do and more to see to know that inflation is really on a sustained downward path,” Collins said in an interview Friday on Bloomberg Television with Michael McKee. While there is some slower economic data, “at the same time, early days yet in terms of assessing whether we really have gone as far as we need to go.”

Source : Collins Points to History to Defend Fed’s Stance on Inflation