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Fed’s Collins warns inflation could stay above 2% target

Boston Fed President Susan Collins said the risk of inflation remaining “notably” above the Federal Reserve’s 2% goal has increased.

Reported · Written up by our desk · Central Banks

Boston Federal Reserve President Susan Collins warned that inflation could remain “notably” above the Federal Reserve’s 2% target, according to CNBC Markets.

CNBC World reported that Collins cited an “increased likelihood” of inflation staying above the Fed’s goal after she supported a rate hike.

The remarks reinforce the central bank leadership’s concern that progress toward the 2% target may take longer than expected.

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