Fed's Collins: Getting inflation down will require slower employment growth
"Getting inflation down will require slower employment growth, somewhat higher unemployment rate," Boston Fed President Susan Collins said on Monda, as reported by Reuters.
Additional takeaways
"Goal of a more modest economic slowdown is challenging but achievable."
"Important to see clear and convincing signs inflation is falling."
"My policy decisions will be guided by range of incoming data."
"Committed to getting inflation back down to 2%."
"Harder to bring down inflation if higher inflation expectations become entrenched."
"Price stability a precondition to achieving sustainable maximum employment."
"Inflation remains too high."
"US labor market is very hot."
"Some of the global supply chain issues are beginning to fade."
"There is uncertainty on when Ukraine war will end, pandemic inflation effects will fully abate."
"Demand clearly exceeds economy's productive capacity right now."
Market reaction
The US Dollar Index showed no immediate reaction to these comments and was last seen clinging to modest daily gains at 113.35.