Fed’s Collins (2028 voter) expects Fed rate target to hold steady ‘for some time’ and now is time for Fed to be patient and deliberative with rate policy; To cut rates again, need to see clear evidence inflation ebbing

Sees no urgent need to change monetary policy stance. Job market appears relatively stable. Outlook for inflation is uncertain with upside risks. Expects inflation to ease slowly to 2% target. Fed policy is currently well positioned. Latest on tariffs could bring more inflation pressure. Current economic outlook is fairly benign. Financial conditions support expansion. Possible hiring pace may be pick up, but likely to remain modest. Outlook attended by considerable uncertainty