Business and Finance News Videos - Yahoo Finance (2024)

'No crystal ball' into when Fed will cut rates: Boston Fed Pres. Yahoo Finance Reporter Jennifer Schonberger sits down with Boston Fed President Susan Collins for an exclusive interview to discuss the potential for rate cuts later in the year and what is driving Fed policy. "I think we have learned that, there's no crystal ball, that there's no preset path. We have to let the data tell us. And it's not one or two indicators. It's looking more holistically at the information," explains Collins. She continues, assessing the risks in cutting rates: "The risks are absolutely two sided and both sides of our mandate are top of mind for me. So I do think that there is a risk that if we held too long, we would see more slowdown than we need. And that's something that I watch carefully. You know, I think that labor markets are still strong. I think they are not overheated the way that I would have described them earlier. But continuing to watch what's happened across a range of indicators in that space is also important in terms of the timing that will be appropriate to change the stance." Be sure to check out the full interview with Boston Fed President Susan Collins. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino

Yahoo Finance Video

'No crystal ball' into when Fed will cut rates: Boston Fed Pres. Yahoo Finance Reporter Jennifer Schonberger sits down with Boston Fed President Susan Collins for an exclusive interview to discuss the potential for rate cuts later in the year and what is driving Fed policy. "I think we have learned that, there's no crystal ball, that there's no preset path. We have to let the data tell us. And it's not one or two indicators. It's looking more holistically at the information," explains Collins. She continues, assessing the risks in cutting rates: "The risks are absolutely two sided and both sides of our mandate are top of mind for me. So I do think that there is a risk that if we held too long, we would see more slowdown than we need. And that's something that I watch carefully. You know, I think that labor markets are still strong. I think they are not overheated the way that I would have described them earlier. But continuing to watch what's happened across a range of indicators in that space is also important in terms of the timing that will be appropriate to change the stance." Be sure to check out the full interview with Boston Fed President Susan Collins. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino

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Business and Finance News Videos - Yahoo Finance (2024)

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