Fed's Collins: Given the risks in the economy, last month's 50 basis point rate cut was a cautious move

Boston Federal Reserve Chair Susan Collins stated that as inflation rates decline and the economy becomes more vulnerable to shocks, the Fed's 50 basis point rate cut last month was a "cautious" move. Furthermore, interest rates may need further adjustments in the future. Collins largely reiterated her comments from Tuesday, including her belief that policymakers should take a "cautious, data-dependent approach" when lowering rates to help maintain the strength of the U.S. economy. She emphasized once again that Fed policy has no predetermined path