Boston Fed President Susan Collins, the first Black woman to lead a regional Fed bank, said the goal of avoiding a severe downturn is achievable.
The fact that the Federal Reserve needs to slow demand in order to transition the economy to a more sustainable path does raise concerns about the possibility of a significant downturn, but there is a chance such a dire outcome can be avoided, Susan Collins, the new president of the Boston Fed, said Monday.
Collins... The fact that the Federal Reserve needs to slow demand in order to transition the economy to a more sustainable path does raise concerns about the possibility of a significant downturn, but there is a chance such a dire outcome can be avoided, Susan Collins, the new president of the Boston Fed, said Monday.
Collins is the first Black woman to run one of the Fed’s 12 district banks since the Fed was founded in late 1913. In addition, companies seem to have “too few workers,” so a slowdown in activity may lead to fewer layoffs, she said.Investors are worried that the Fed’s rapid rate increases will “break” the economy.
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