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Fed officials cite inflation persistence in defending rate hike

Collins defends rate hike, cites inflation concerns and Middle East escalation

2 Sep 22 7:12 AM · 5d ago · 1 article · 1 source · development 2 of 2

Susan Collins, president of the Federal Reserve Bank of Boston, told the Associated Press that persistent inflation and August's Middle East conflict renewal justified the rate increase. She noted inflation has not hit the Fed's 2% target for over five years and expects a second rate hike later in 2026.

Collins defends rate hike, cites inflation concerns and Middle East escalation
europesays.com

“I did not see the inflation progress I was hoping to see. Geopolitical developments suggest that we could continue to see additional pressures push on the energy side.”

Susan Collins

Susan CollinsSusan Collins President, Federal Reserve Bank of BostonAustan GoolsbeeAustan Goolsbee President, Chicago Federal Reserve BankKevin WarshKevin Warsh Federal Reserve Chairman

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1–2Collins defends rate hike, cites…
Sep 22Sep 23Sep 24Sep 25yesterdaynow · 1:43 PM ET

What was reported 1 claim about this development

  1. 1 outlet Federal Reserve official says inflation persistence led her to support interest rate hike

    first by AP News, 5d ago

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