Fed's Collins (2028 voter) says tightening monetary policy will help return inflation to 2%; expects Fed to raise interest rates 'a bit further' by end of the year

Expects inflation to stay above 2% due to high energy prices. Future path of monetary policy in the new year will depend on data. Supported the Fed raising rates at the September meeting. Job market is broadly balanced. US economy has shown resilience in the face of shocks. Expects inflation to gradually cool to 2%. Expects more growth and job market stability. Stable job market should support consumer spending. Data centre buildout is pressuring inflation readings.