Fed's Collins says officials are aware rising rates can create challenges for some financial institutions
TLT•Federal Reserve Bank of Boston President Susan Collins said officials are aware that higher interest rates can create challenges for some financial institutions, and said policymakers want to remain vigilant.
1. Rate policy challenges
Collins said higher interest rates create opportunities as well as challenges for financial institutions. She said policymakers want to be vigilant and that well-managed banks need to consider those effects holistically as monetary policy changes.
