Collins: The retreat of global economic integration may raise inflationary pressures

According to Jinshi reports, Federal Reserve's Collins stated on Friday that the retreat of global economic integration may complicate the Fed's work and increase price pressures. She pointed out that the shift towards "economic fragmentation" could bring a transitional period of inflationary pressure and may lead to a lower degree of financial integration, thereby raising domestic borrowing costs and affecting financial conditions. Collins also mentioned that this environment could exacerbate business cycles and inflation volatility, complicating the Fed's efforts to maintain price stability and maximum employment.