Fed Collins: Rate cuts may occur later this year, but depends on the impact of tariffs

On June 25, Boston Fed President Collins said she expects the Fed to cut interest rates later this year. In a statement released by the bank, Collins said: "While I still expect it to be appropriate to resume gradual policy normalization later this year, my outlook may change significantly as events develop and the impact of various government policy changes on the economy becomes more prominent. This depends largely on whether the "price shock" caused by tariffs can dissipate quickly." (Jinshi)