Full and original article posted on Worcester Business Journal
The U.S. economy is in a good place overall, Susan Collins, president and CEO of the Federal Reserve Bank of Boston said at the Worcester Regional Research Bureau’s annual meeting on Wednesday.
Furthermore, Collins is confident inflation will return to the Federal Open Market Committee’s 2% target in a timely fashion and amidst a healthy labor market.
“Preserving the current favorable economic conditions will require additional adjustment to the stance of monetary policy so as not to put unnecessary restraint on demand, and a careful data based approach to normalizing policy will be appropriate as we balance the risks which are two-sided,” she said.
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