Fed’s Collins Agreed With FOMC Dissenters Over Statement (1)

Federal Reserve Bank of Boston President Susan Collins said she agreed with colleagues who dissented at last week’s monetary policy gathering over wording in the Fed’s post-meeting statement that suggested the central bank would eventually resume rate reductions.

In an interview with Bloomberg News, Collins said she was “strongly supportive” of the decision to leave rates unchanged, but she also preferred to adjust the statement to “not be as closely aligned with language that has been associated with the presumption that the next move will be a cut.”

Dallas Fed President Lorie Logan, Beth Hammack of the Cleveland Fed ...