Although there is increasing evidence of a reduction in inflation, it is not yet ready to rule out the possibility of further interest rate increases if necessary. READ TOO “To get back to 2% (of inflation ) in a reasonable time frame, you need patience and determination, and I wouldn’t rule out the possibility
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Fed’s Collins FOMC member Susan Collins is speaking and says: “Optimistic” inflation can fall with only a “modest” rise in unemployment, sees a “widened” pathway to that outcome. Current policymaking requires “considerable” patience to get the right signal from data. Despite “encouraging” recent data, inflation remains too high. Key elements of inflation, such as core