Fed's Collins: Current outlook calls for a gradual, patient approach to rate cuts

Collins of the Federal Reserve said that the current outlook requires a gradual and patient approach to rate cuts, and supports the rate cut in December last year, but this is a critical decision. The Federal Reserve is not moving along a set path, and the policy is in good shape. The current economic outlook is consistent with the Federal Reserve's December forecast, and inflation is expected to be higher than the recent level. The December rate cut provides protection for the labor market, and the economy is returning to the 2% inflation target along a gradual and asynchronous trajectory. (Jinshi)