Fed’s Collins: The Fed will need to hold steady for longer

Pablo Piovano FXStreet

During an interview with Yahoo Finance on Friday, Federal Reserve Bank of Boston President Susan Collins noted that even amidst intense pressure, financial markets seem to be weathering the storm.

Key Quotes

We came into first quarter with solid economic conditions.
Markets continue to function well.
Tariffs will push up inflation pressures.
Tariff announcements are very significant.
China trade issues are very big for economy.
Hard to invest in times of big uncertainty.
Current slate of tariffs are very high.
Modal view is for slower growth, not a downturn.
Financial market movements bear focusing on.
Won't rule out a downturn.
Hard to say when tariffs will impact inflation.
Would expect inflation 'well over' 3% this year due to tariffs.
Sees mixed bag on longer run inflation expectations.
At this point expectation is fed will need to hold steady for longer.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD trims losses and returns to the 1.1750 area

The US Dollar resumed its decline in the American afternoon, helping EUR/USD trim early losses. The pair trades around 1.1750 as market participants gear up for the European Central Bank monetary policy decision and the United States Consumer Price Index.