Federal Reserve Bank of Boston President Susan Collins expressed concerns about the need for demand to slow in order to achieve 2% inflation. Collins highlighted risks of cutting rates too soon and the expectation of a persistent productivity jump. She also mentioned that firms are well positioned to absorb faster wage growth and that recent inflation setbacks were not surprising. Collins remains optimistic about reaching the inflation target but acknowledged that it might take longer than anticipated. She emphasized that the economy is robust, with the job market improving, and that monetary policy is moderately restrictive.