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Federal Reserve official Susan Collins emphasized the need for patience in monetary policy decisions due to elevated uncertainty in the economy. Collins suggested a higher neutral rate in the medium term and warned of longer policy lags. The FOMC minutes revealed a hawkish stance with a willingness to tighten policy if necessary.
🇺🇸 Fed officials worried inflation too stubborn to justify rate cut https://t.co/8gxAAP7kNG
🇺🇸 Federal Reserve minutes: Policymakers saw a longer path to rate cuts https://t.co/AWHEy8V6EP
Federal Reserve officials indicate they lack the confidence to move forward on interest rate reductions at their most recent meeting about inflation. https://t.co/PKtPM9znnL