Fed's Collins (2028 Voter) is laser focused on the data, but does not put too much attention on one report

Inflation: Direction of inflation is clear, and less promising than hoped. Inflation is too high and appears to be broadening. Inflation has been too high for too long. Notes of broadening of price pressures. Not done a deep dive into the data yet, but sees broadening of prices. Sees energy as contributing to inflation, but some of it is consumption. Aggregate consumption in the economy is healthy. There are no silver bullets in bringing inflation down. Monetary Policy: Does not want to get carried away with how high rates should go, or how quickly. Sees a tighter policy path than she had penciled in previously. Possible Fed may have to raise more than expected. The future direction of monetary policy is clear. Thinks additional tightening of policy is required soon. Endorses a careful adjustment of policy, when asked about a potential 50bps move. Focus is on inflation, but must be mindful of the impact on the economy. Economy: Labour market appears on a solid footing. Seeing healthy growth in the US economy, it is solid.