A Fed Member Supported The Latest Rate Hike. She Says Chances Of Elevated Inflation Are 'Notably Higher'

Source: International Business Times

Boston Fed President Susan Collins said the most recent information has shown "an increased likelihood of future scenarios in which inflation remains notably above 2 percent. Getty Images Boston Federal Reserve President Susan Collins said she supported last week's rate hike by the Federal Open Market Committee (FOMC) after the most recent data led her to conclude inflation is set to continue running above target without intervention. In a LinkedIn post, Collins said she now sees "an increased likelihood of future scenarios in which inflation remains notably above 2 percent.