Fed's Collins Confident in Inflation's Path to 2% Target

Federal Reserve Bank of Boston President Susan Collins expressed confidence that US inflation is on a strong path back to the central bank's 2% target, despite potential monthly volatility. Collins noted that while housing inflation may take time to subside, no new price pressures are emerging. She mentioned that monetary policy remains restrictive, and an interest rate cut could be considered in December, depending on economic data. The Fed's next policy meeting is scheduled for December 17-18.