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Although there is increasing evidence of a reduction in inflation, it is not yet ready to rule out the possibility of further interest rate increases if necessary.
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“To get back to 2% (of inflation ) in a reasonable time frame, you need patience and determination, and I wouldn’t rule out the possibility of further increases,” Collins said in an interview with CNBC.
While there has been “promising news” on the economic data front, the official said he “remains focused on really analyzing the full range of information we are receiving and making real-time assessments about the right thing to do.”
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“To get back to 2% (of inflation ) in a reasonable time frame, you need patience and determination, and I wouldn’t rule out the possibility of further increases,” Collins said in an interview with CNBC.
While there has been “promising news” on the economic data front, the official said he “remains focused on really analyzing the full range of information we are receiving and making real-time assessments about the right thing to do.”
CLICK HERE
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