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Fed will need to keep rates 'restrictive' for 'some time', Boston Fed's Collins says

Sep. 06, 2023 9:22 AM ETBy: Liz Kiesche, SA News Editor4 Comments
The Federal Reserve Bank of Boston building - Boston Massachusetts


Inflation has cooled from the peak of last summer, but it's too soon to declare that inflation is on a sustained path back to the Federal Reserve's 2% target, Boston Fed President Susan Collins said on Wednesday, according to prepared text for a speech

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Comments (4)

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How do you get to be one of those frauds? Big deal you raise or lower rates or increase or decrease the money supply and try and look sophisticated on TV? Geez. an idiot could do their "jobs" and they certainly haven't done their's very well since the National Debt is so high just paying the interest on it will soon blow past "Defense Spending". Andrew Jackson tossed the ghouls out and paid off the National Debt which was the only time America was run right. Hey my ancestor even led troops with Andrew Jackson.
FWIW the Bank of Canada announced today that it will hold its rate at 5%.
Walking the tightrope!
billrla profile picture
@Hoot836589 Gang plank is more like it.
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