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PrintCollins says Fed limited in the policy guidance it can provide
BY Reuters | ECONOMIC | 11/15/24 06:23 PM ESTBy Michael S. Derby
Nov 15 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said on Friday that uncertainty over the economic outlook limits what kind of guidance can be given about the outlook for monetary policy.
"We are well positioned" when it comes to monetary policy and given the unpredictability of the near-term economic outlook, "this isn't really a moment where very explicit forward guidance is appropriate," Collins told reporters at a conference held at the Boston Fed. She reiterated that data will drive the choice the Fed will make at its December policy meeting. (Reporting by Michael S. Derby; Editing by Leslie Adler)
