Fed’s Collins Says No Fixed Policy Path as Inflation Risks Persist
Collins noted at September’s FOMC meeting that inflation will likely remain elevated into next year before gradually returning to target levels over the medium term.
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Terms & Concepts
FOMC: The Federal Open Market Committee, the branch of the Federal Reserve responsible for setting U.S. monetary policy.
Inflation Target: A central bank’s projected or desired rate of inflation, often set to maintain price stability, typically around 2% in the U.S.