Federal Reserve's Collins: Supports keeping interest rates unchanged, leans towards adjusting the statement wording

According to Jinshi reports, Boston Fed President Collins stated that she supports the decision to keep interest rates unchanged but hopes to adjust the wording of the statement to avoid implying a rate cut. She pointed out that an increasing number of officials want the Fed to clearly signal that the next action could be either a rate cut or a rate hike. Collins emphasized that interest rates may remain unchanged for a "longer period" and is focused on the persistence of inflation, believing that policymakers need to reassess the appropriate policy.