Federal Reserve's Collins hints at keeping interest rates unchanged

Odaily Planet Daily News: Federal Reserve’s Collins stated that due to recent economic data showing improvement in the labor market, interest rates may “remain unchanged for a period of time,” but inflation risks still exist. Collins noted that the labor market shows some unusual signs of stability. She also pointed out that more evidence is needed to confirm that inflation is falling back to around 2%. Currently, interest rates are in a mildly restrictive state, possibly very close to a neutral level. Federal Reserve’s Barkin also participated in the discussion, saying he still believes there are two-sided risks to the Fed’s responsibilities. He said, “No one wants inflation to stagnate, and no one wants the labor market to weaken further. We are fully prepared.”