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.
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Expects theFed rate target to hold steady for some time
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Now is time for the Fed to be patient and deliberative with rate policy
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To cut rates again, policymakers need clear evidence that inflation is ebbing
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Sees no urgent need to change the current monetary policy stance
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Job market appears relatively stable
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Outlook for inflation remains uncertain with upside risks
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Expects inflation to ease slowly toward the 2% target
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Fed policy is currently well positioned
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Latest developments on tariffs could bring additional inflation pressure
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Current economic outlook is fairly benign
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Financial conditions continue to support economic expansion
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Hiring pace could pick up but likely remain modest
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Expects solid growth with inflation easing later this year
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Outlook is attended by considerable uncertainty
The 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.
