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Fed's Collins: If data is as expected, it would be appropriate to start easing policy "soon"

Fed's Collins: If data is as expected, it would be appropriate to start easing policy "soon"

CointimeCointime2024/08/09 10:45
By:Cointime

On August 9th, according to Jin10's report, the Fed's Collins stated: "If the data is as expected, it is appropriate to start easing policies soon. Whoever enters the White House will definitely not affect my evaluation of the economic situation, nor will it affect my future outlook, nor will it affect the policies I consider appropriate. I expect interest rates to be lower in a few years. We will release a new economic forecast summary in September, which includes the outlook of the 19 FOMC members based on the data seen so far. It will include our outlook for interest rates at the end of 2024, 2025, and 2026. I do expect to see some easing of monetary policy in the next few years. However, the magnitude, timing, and speed of adjustments will ultimately be determined by the data. We have made significant progress in reducing inflation, and we have done so while maintaining a healthy labor market. The July non-farm payroll report was indeed weaker than many expected, and this is worth paying more attention to. However, for various reasons, I am just very cautious not to overemphasize any one or two subsequent data points."

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