In an exclusive interview with Yahoo Finance, Federal Reserve Bank of Boston President and CEO Susan M. Collins says she"could imagine scenarios" that would be consistent with both one or two rate cuts this year.
What I see in the statistical data is certainly evidence that the economy is coming into better balance.There are differences across sectors, there are differences across regions and what I heard today, it's very consistent with that in the sense of um some firms that are seeing quite strong demand and others where they are seeing uh consumers being um you know, a bit more cautious in terms of their spending.
I think the data that we have seen recently in terms of CP I, in terms of the producer prices um is consistent with an economy that in an orderly way is becoming better aligned. We have to let the data tell us and it's not one or two indicators, it's looking more holistically at the information.I mean, I, I think that as I look forward, um my view of how much easing might be appropriate this year has uh been reduced as I looked at the data.
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