Boston Fed president says December rate cut not a ‘done deal’, WSJ reports
6:53 am Friday, November 15th, 2024
(Reuters) – Federal Reserve Bank of Boston President Susan Collins said in an interview with the Wall Street Journal that another rate cut in December is on the table, but it is not a “done deal”.
“There’s more data that we will see between now and December, and we’ll have to continue to weigh what makes sense,” Collins was quoted as saying in remarks made on Thursday.
“I don’t see an argument for maintaining restrictive policy when there is not evidence of new price pressures, and the old dynamics are perhaps unevenly and gradually resolving over time.”
(Reporting by Pretish M J in Bengaluru, Editing by Timothy Heritage)
