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Boston Federal Reserve President Susan Collins said the U.S. central bank might not be done raising interest rates and that they likely to stay “higher, and for longer, than previous projections had suggested.”
While there are signs inflation is continuing to slow, Collins said Friday in a speech in Boston, “I continue to hear about the challenges households and firms face related to too-high inflation.”
At the same time, Collins said, the Fed needs to slow patience before raising rates again to allow it to sift through the economic and separate “the signal from the noise.”
