Fed's Collins: Expects the Fed rate target to hold steady for some time

It is Fed Collins turn to speak aa the clock ticks to the blackout period ahead of the Fed decision on March 18 starting after the close. Expects theFed rate target to hold steady for some timeNow is time for the Fed to be patient and deliberative with rate policyTo cut rates again, policymakers need clear evidence that inflation is ebbingSees no urgent need to change the current monetary policy stanceJob market appears relatively stableOutlook for inflation remains uncertain with upside risksExpects inflation to ease slowly toward the 2% targetFed policy is currently well positionedLatest developments on tariffs could bring additional inflation pressureCurrent economic outlook is fairly benignFinancial conditions continue to support economic expansionHiring pace could pick up but likely remain modestExpects solid growth with inflation easing later this yearOutlook is attended by considerable uncertaintyThe comments reflect a cautious, slightly hawkish stance, emphasizing patience with monetary policy. The economy is seen as relatively stable, with solid growth, modest hiring, and financial conditions that continue to support expansion.At the same time, inflation remains uncertain with upside risks, including potential pressure from tariffs. Because of that uncertainty, the view suggests no urgency to change policy, with rates likely to remain steady until there is clearer evidence that inflation is moving sustainably toward the 2% target.
This article was written by Greg Michalowski at investinglive.com.

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