Boston Fed President Collins Would Support September Rate Hike If Inflation Stays High

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Boston Federal Reserve President Susan Collins indicated in an interview with the Financial Times that she would support a rate hike in September if inflation remains persistently high. She said she is open to backing a rate increase as early as September if economic data calls for it, and noted that economic conditions in the coming months may warrant a more restrictive policy. Collins does not currently hold a vote on the Federal Open Market Committee.

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