Boston Fed Hints at Potential December Rate Cut

Federal Reserve Bank of Boston President Susan Collins discussed the possibility of a rate cut in December, noting it is not guaranteed. She emphasized the importance of additional data and argued against restrictive policies without clear price pressures.

Susan Collins, President of the Federal Reserve Bank of Boston, indicated in an interview with the Wall Street Journal that a December interest rate cut is a possibility, though not a certainty.

Collins emphasized the need to examine further data before making a definitive decision, according to her comments on Thursday.

She suggested that maintaining a restrictive monetary policy might not be justified if there is no evidence of emerging price pressures and the existing conditions are slowly stabilizing.

(With inputs from agencies.)