Fed’s Collins Signals Current Rates Are ‘Appropriate for Now’

Federal Reserve Bank of Boston President Susan Collins signaled that holding interest-rates steady would be “appropriate for now” as inflation is likely to stay elevated for some time.

By Maria Eloisa Capurro · Bloomberg Markets

Federal Reserve Bank of Boston President Susan Collins signaled that holding interest-rates steady would be “appropriate for now” as inflation is likely to stay elevated for some time.