Federal Reserve's Collins: Further modest rate cuts could be considered this year

ChainCatcher news, according to Jinshi reports, Federal Reserve's Collins stated that she is open to further rate cuts, as she expects price pressures to begin to ease sometime next year. She pointed out that a further slight reduction in the policy rate this year may be appropriate, but this must be supported by data. Collins supports the Federal Reserve's decision earlier this month to lower the rate by 25 basis points to the 4% - 4.25% range, believing that this move helps balance employment and inflation targets.