Fed’s Collins sees no urgency to cut US interest rates

Federal Reserve Bank of Boston President Susan Collins hit the wires on Friday, downplaying pressures for continued rate cuts in the near term, but also keeping a steady hand underneath market expectations of a rate trim in December.

Key Quotes

There’s no preset path for monetary policy.

The economy is in a very good place right now.

I won’t take a December easing off the table.

I am not seeing evidence of new inflation pressures.

The job market looks like full employment conditions.

I don’t see a big urgency to lower rates, but I want to preserve a healthy economy.