Inflation will Come Down Gradually, Though Slower than Expected: Fed Official

Axios

On Tuesday afternoon, Axios spoke with Susan M. Collins, the president of the Federal Reserve Bank of Boston, on the sidelines of a conference in Florida. Here’s what she had to say, lightly edited for length and clarity.

Since Collins’s last speech, new data pointed to lower April inflation. Asked about it, she said, “I don’t overreact to a month.”

“I think that I am expecting to see gradual, continued disinflation. I think it’s going to take longer than I thought it was going to some months ago.”

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