Feds Collins on Bloomberg TV says:Inflation will continue to come down with a healthy labor market, but it will take some timeFed policy not on preset pathFed must be patient but it might take more time on inflationVery optimistic that inflation will come downRisks are two-sided on policyWage growth has been faster than pre-pandemic levelsWage growth is still consistent with inflation falling back down toward 2%Must be cautious against moving too quicklyMonetary policy is modestly restrictiveAt some point it would be appropriate to ease, but we are not at that point yetBaseline is to cut rates later this yearTiming of presidential election does not hinder Fed policyConsumption and demand has
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