Federal Reserve's Collins: Interest rate hikes may be needed to curb inflation

“Although this is not the scenario I consider most likely, I can anticipate a situation where certain policy tightening will be necessary to ensure that inflation returns to the 2% level in a timely and lasting manner.” The FOMC's monetary policy outlook largely depends on the duration of the war in the Middle East, noting that the longer the conflict lasts, the greater the risks, especially concerning inflation. Read more