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Boston Fed's Collins says 'modest slowdown' is possible

Por: Associated Press Business September 26, 2022

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WASHINGTON (AP) — Susan Collins, the new president of the Federal Reserve Bank of Boston, said Monday that a higher unemployment rate will be needed to bring down inflation , but also suggested any economic downturn would likely be modest. In her first speech as Boston Fed president, Collins said the economy is resilient enough to withstand the higher interest rates needed to combat inflation, which is near a four-decade high. Her comments... + full article



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