Fed’s Collins: I wouldn’t take additional hiking off the table

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Fed Collins: Despite encouraging recent data, inflation remains too high

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