Fed's Collins says gradual rate hikes best to manage economic risks
TLT•Federal Reserve Bank of Boston President Susan Collins said she supports steady, modest interest rate increases, saying a gradual approach better manages economic uncertainty.
1. Gradual approach
Collins said the risks to the real economy were “two-sided,” with implications for the Fed’s employment and inflation mandates. She said that uncertainty argues against aggressive action to target high inflation and that a steady, gradual approach to monetary policy is appropriate.
