Susan Collins, the newly-minted head of the Federal Reserve Bank of Boston, told New England business leaders that while getting inflation under control will cause pain for some Americans, she thinks 'a more modest slowdown' is a realistic possibility.
With anxiety about a possible recession on most everyone's mind, the newly-minted head of the Federal Reserve Bank of Boston told New England business leaders Monday that while getting inflation under control will cause pain for some Americans, she thinks"a more modest slowdown" is a realistic possibility.
The Fed can't alleviate pandemic-related bottlenecks in global supply chains, can't predict how the ongoing war in Ukraine will further impact energy prices, and can't influence labor force pressure points like an aging population and decreased immigration, she said.to slow down the demand side of the puzzle.
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