• “For the moment, policy remains well positioned, as we carefully assess the evolving data and outlook,” Boston Fed President Susan Collins told the Boston Economic Club on Wednesday. “As we gain more confidence … I believe it will likely become appropriate to begin easing policy restraint later this year.”
  • Richmond Fed President Thomas Barkin said he still wasn’t quite sold on the idea that progress on inflation will continue, given that disinflation so far has come from easing prices in goods and has yet to spread to the services and rental sectors.
  • Fed Governor Adriana Kugler said for her part she is “optimistic” that progress on inflation will continue with help from both slowing wage growth and from lower rents, though like her colleagues she said she needs more data to be sure, and would support holding rates steady for longer if disinflation stalls out.