Fed's Collins says interest rate policy to hold steady for now ...Middle East

Federal Reserve Bank of Boston President Susan Collins:

Rate policy well positioned, holding steady for now seems bestTariffs will drive up inflation, slow growth levelsTariffs could push core inflation ‘well above’ 3% this yearRenewed price pressures could delay rate cutsFed may yet find space to lower rates this yearFed policy choices difficult, beset by trade offsMonetary policy needs to be nimble in uncertain environmentMust keep inflation expectations stableSees upside inflation risks, downside growth riskFed policy still positioned to lower inflation pressuresTighter financial conditions may restrain activityHigh uncertainty clouding economic outlookExpects inflation pressures to wane over longer run

Collins comments come from the text of a speech prepared for delivery before an event at Georgetown University in Washington

This article was written by Eamonn Sheridan at www.forexlive.com.

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