Boston Fed’s Collins optimistic about US economy’s soft landing from inflation

BOSTON Federal Reserve president Susan Collins said on Friday she remained optimistic that the US central bank can lower inflation without doing substantial damage to the job market by taking a “patient” approach to any further interest rate moves.

Collins said that while she is not taking the possibility of further rate increases off the table, “by being very patient right now, to me that helps to support my realistic optimism” of returning inflation to 2 per cent without a substantial rise in unemployment. REUTERS