Economists say Collins's remarks are significant, making it more likely that the Federal Reserve will take action in January.

Federal Reserve Chair Janet Collins said on Wednesday that the threshold for further monetary easing in the near term is "relatively high" due to concerns about high inflation. This comes after Collins voted for two rate cuts by the Fed this year. Karim Basta, chief economist at III Capital Management, noted that Collins "has never disagreed and has consistently aligned with the committee's core position, making this statement significant. The next action is more likely to occur in January than December, as this would give them more time to observe the data." (Jinshi)