Feds Collins Favored Changing FOMC Statement With Dissenters

Image for article Feds Collins Favored Changing FOMC Statement With Dissenters
News Source : Financial Post

News Summary

  • Federal Reserve Bank of Boston President Susan Collins said she agreed with colleagues who dissented at last week’s monetary policy gathering.
  • Dallas Fed President Lorie Logan, Beth Hammack of the Cleveland Fed and Minneapolis Fed chief Neel Kashkari objected to what they called the “easing bias” contained in the statement.
  • Collins is among a growing number of officials who would also like the Fed to signal more clearly that the next move could be either a cut or a hike.
(Bloomberg) Federal Reserve Bank of Boston President Susan Collins said she agreed with colleagues who dissented at last weeks monetary policy gathering over wording in the Feds postmeeting statemen [+4913 chars]

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