Boston Fed
@BostonFed
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Boston Fed serves the First Federal Reserve District: CT (excluding Fairfield County), MA, ME, NH, RI, and VT.
Boston
Joined February 2009
The second day of the Boston Fed’s 69th Economic Conference starts at 9 a.m. ET. Attend via livestream:
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This concludes the first day of the Boston Fed’s 69th Economic Conference, “The U.S. Economy in a Changing Global Landscape.” Join the livestream tomorrow at 9 a.m. ET for the second day of the conference:
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NEW ODD LOTS: Today kicks off the @BostonFed annual research conference. So @tracyalloway and I talked to the bank's President, Susan Collins, about why she's still more concerned about warm inflation than a softening labor market.
bloomberg.com
The Boston Fed president assesses the macro environment.
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Today is the first day of the Boston Fed’s 69th Economic Conference, “The U.S. Economy in a Changing Global Landscape.” Boston Fed President Susan M. Collins will begin her opening remarks at around 9 a.m. ET. Watch the livestream:
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Coming soon: @bloomberg Odd Lots episode featuring Boston Fed President Susan M. Collins, where she discusses the economy and monetary policy with @TheStalwart and @tracyalloway.
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How is tariff uncertainty affecting U.S. businesses? Boston Fed Research Director Egon Zakrajšek discusses key findings from his team’s surveys of small and medium-sized companies in the latest Six Hundred Atlantic episode. Listen here:
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The global economy is becoming increasingly fragmented and volatile. How is the U.S. economy adapting to a changing global landscape? Watch the Boston Fed’s 69th Economic Conference live on Nov. 21 – 22: https://t.co/qHw83ZF4tQ
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Collins ended by observing that change, driven by technology and innovation in the financial sector and payments, brings opportunities and challenges.
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Challenges include deposit competition, elevated funding costs, subdued loan growth, and resulting pressure on net interest margins.
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Speaking to community bankers, Collins observed that banks remain resilient amid some challenges. Loan portfolio performance and metrics are favorable; reserves and capital are appropriate.
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Seeing the current policy stance as mildly restrictive, Collins has “a relatively high bar for additional easing in the near term.” She said, “absent evidence of a notable labor-market deterioration, I would be hesitant to ease policy further.”
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Assessing the balance of these risks, Collins decided at the last Federal Open Market Committee meeting that “dialing the restrictiveness of our policy stance down another notch (25 basis points) was prudent to provide a bit more support to the employment side of our mandate.”
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Collins also noted that “inflation has now been above the Fed’s 2 percent target for nearly five years, which carries the risk of inflation becoming entrenched above target” – so it is essential to restore price stability in a reasonable amount of time.
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Collins noted slower growth in both labor supply and demand, resulting in a relatively low unemployment rate. This unusual balance with low net hiring bears watching.
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Economic activity remains favorable overall, based on available information, but the labor market has softened, and inflation remains elevated.
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Boston Fed President Susan M. Collins shared her perspectives on the economy and banking landscape this afternoon at the Reserve Bank’s 24th Annual Regional & Community Bankers Conference. Here are the key takeaways:
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Boston Fed President & CEO Susan M. Collins will share her perspectives on the economy and monetary policy at the 24th Annual Regional & Community Bankers Conference on Nov. 12 at 4 p.m. EST. Watch the livestream:
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