Fed's Collins: May be at a place where Fed can hold steady

Boston Federal Reserve President Susan Collins told Yahoo Finance on Thursday that the may be at a place where the Fed can hold the policy rate steady, as reported by Reuters.

Key takeaways

"More Fed rate hikes are possible."

"Rise in long term yields are helpful to Fed objectives."

"Hopeful Fed can bring inflation back to 2% in reasonable amount of time."

"Premature to send clear signal about timing of rate cuts."

"Haven't really seen notable slowdown in growth."

"Mindful about how an easing in inflation would affect policy stance."

"Housing is a big challenge for the economy."

Market reaction

The US Dollar Index showed no immediate reaction to these comments and was last seen rising 0.45% on a daily basis at 103.82.