Macro
Fed's Collins says gradual rate hikes are appropriate
She said the labor market is gaining solid footing without adding to price pressures.
Susan Collins, president of the Federal Reserve Bank of Boston, said a gradual path of interest-rate hikes will be appropriate to lower inflation.
She said the labor market is gaining solid footing without adding to price pressures. Her message was steady, gradual steps.
The summary does not set out a timeline for the next move.
