Fed's Collins: May need to delay or reduce rate cuts this year

Boston Fed President Collins said that it may take longer for the Fed to have enough confidence to ease monetary policy than previously expected, and the number of interest rate cuts this year may be reduced. Recent data has eased her concerns about having to adjust interest rates in the short term, but she still expects rate cuts to begin later this year. "Overall, recent data have not materially changed my views, but they do highlight the uncertainty and need to be patient about the timing of rate cuts, and the process of falling inflation may still be bumpy. This means that the degree of policy easing this year may need to be less than previously expected."