Boston Fed President: ‘I Anticipate Further Rate Increases’
The president of the Federal Reserve Bank of Boston thinks interest rates will have to rise by more than half a percent this year and stay high to make sure inflation is kept under control.
The president of the Federal Reserve Bank of Boston thinks interest rates will have to rise by more than half a percent this year and stay high to make sure inflation is kept under control.
Boston Federal Reserve President Susan M. Collins expects a “somewhat higher unemployment rate” as the Federal Reserve continues its steps to bring down inflation.
Susan M. Collins began her tenure on Friday as the Federal Reserve Bank of Boston’s new president and CEO.
Susan M. Collins, an economist and provost from the University of Michigan, has been named the next president and CEO of the Federal Reserve Bank of Boston.