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Fed's Collins says more rate hikes are coming, reports
NEW YORK: Boston Federal Reserve President Susan Collins said on Friday that tighter monetary policy is coming because of high inflation, in comments that suggested the US central bank may have to raise interest rates more than she initially expected. “I think it’s clear the direction that monetary policy needs to go and I would think that soon some additional firming, tightening of policy is appropriate,” Collins said in an interview with Bloomberg Television. Given that recent inflation data has not been particularly friendly and shows signs that rising price pressures are broadening in the ...
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