Boston Fed President: Falling inflation will lead to a quick Fed rate cut

Collins, a 2025 FOMC voter and president of the Boston Fed, said in an interview that if inflation continues to decline and the labor market remains strong, the Fed will likely begin to ease interest rate restrictions. Collins added that although the latest employment data was lower than expected, the U.S. labor market remains strong. She warned that although inflation is returning to the target level of 2%, the speed is slower than expected. (Jinshi)