Collins, in prepared remarks for an event Thursday in Boston, said the economy was in a “good place,” but noted that progress on cooling inflation will likely be slower this year than previously anticipated.

Federal Reserve Bank of Boston President Susan Collins said a slower approach to adjusting interest rates is merited now as officials confront “considerable uncertainty” over the US economic outlook.

Federal Reserve Bank of Boston President Susan Collins endorsed Thursday a more cautious strategy for future interest-rate cuts as the U.S economic outlook faces "considerable uncertainty." Collins noted that inflation remains sticky and "I expect inflation in 2025 to run somewhat higher than I previously thought,