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FED’s Senior Director Collins Makes Encouraging Remarks on Interest Rate Cut

Author: Content Editor
Summary: Susan Collins, President of the Federal Reserve Bank of Boston, stated that the Fed may need to further cut interest rates due to weakening inflation. She noted that the Fed had anticipated a half-point rate cut by the end of the year, but emphasized that monetary policy remains flexible and will be adjusted as the economy develops. Collins also stated that while wage increases remain high, rising productivity levels have prevented them from significantly driving inflation.

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