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06.10 - 21:55
Boston Fed President Says More Rate Increases Needed to Cool Inflation
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Susan Collins, the new president of the Federal Reserve Bank of Boston, said she is committed to bringing inflation down to 2% even if it means slowing the economy.
Ms. Collins, in her first public remarks as Boston Fed leader, said Monday she supported further interest-rate increases as projected by Federal Reserve officials last week. They showed the central bank raising aggressively through next year, despite rising fears of an economic slowdown or a recession.
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