Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, U.S., August 24, 2023.
Fed officials generally agree high levels of inflation are coming down, even as price pressures are still elevated.
On the jobs front, Collins said demand for workers continues to outstrip supply and wage growth remains elevated.
The current stance of monetary policy should “temper” demand and “I do not believe a significant slowdown is required,” Collins said.
Reporting by Michael S. Derby; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
Persons:
Susan Collins, Ann Saphir, ” Collins, they’ll, what’s, Collins, “, Michael S, Chizu
Organizations:
Reserve Bank of Boston, Kansas City Fed, REUTERS, Federal Reserve Bank of Boston, Fed, Market Committee, Thomson
Locations:
Jackson, Wyoming, U.S