• Federal Reserve Bank of Boston President Susan Collins said Wednesday that while there are signs of progress in cooling inflation, now is a time for the central bank to proceed carefully when it comes to its next monetary policy steps.
• “The risk of inflation staying higher for longer must now be weighed against the risk that an overly restrictive stance of monetary policy will lead to a greater slowdown in activity than is needed to restore price stability,” Collins said in a speech text. “This context calls for a patient and careful, but deliberate, approach to policy, allowing time to assess the effects of policy actions to date, and then acting appropriately.”

https://www.reuters.com/markets/us/feds-collins-says-now-is-time-be-patient-deliberate-with-policy-2023-09-06/