Fed's Collins: Interest rates may need to be raised to control inflation
2026-11-13 23:17:43
According to CoinMeta, Susan Collins, the president of the Federal Reserve Bank of Boston, warned in a speech on November 13 that in order to control inflation, it may sometimes be necessary to raise interest rates. She acknowledged that tight monetary policies could affect homebuyers and construction activities, but keeping inflation under control is beneficial for the economy in the long run. Collins pointed out that as housing prices and borrowing costs rise, many American families are facing difficulties, and suitable housing has become scarce or too expensive. She mentioned that housing construction also faces challenges, with some projects slowing down or coming to a standstill due to a lack of skilled workers. Collins emphasized that although tight policies may limit the supply of new housing, such measures are sometimes necessary to control inflation. Her remarks come at a time when the cryptocurrency market is under pressure, with investors' expectations of the Federal Reserve raising interest rates in December continuing to rise.
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Source:Cryptonews
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