Federal Reserve's Collins: Current outlook requires a gradual and patient approach to interest rate cuts

ChainCatcher news, according to Jinshi reports, Federal Reserve's Collins stated that the current outlook requires a gradual and patient approach to interest rate cuts, supporting the rate cut in December last year, but this is a critical decision.

The Federal Reserve is not following a predetermined path; the policy is in good shape. The current economic outlook is consistent with the Federal Reserve's predictions from December, expecting inflation to be higher than recent levels. The rate cut in December provided assurance for the labor market, and the economy is gradually and asynchronously returning to the 2% inflation target.