Fed's Collins: I don't see a big urgency to lower rates

Joshua Gibson FXStreet

Federal Reserve (Fed) Bank of Boston President Susan Collins hit the wires on Friday, downplaying pressures for continued rate cuts in the near term, but also keeping a steady hand underneath market expectations of a rate trim in December.

Key highlights

There's no preset path for monetary policy.

The economy is in a very good place right now.

I won't take a December easing off the table.

I am not seeing evidence of new inflation pressures.

The job market looks like full employment conditions.

I don't see a big urgency to lower rates, but I want to preserve a healthy economy.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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