Susan M. Collins, Interview: by Boston Fed, 60 Days In With President Susan M. Collins

“It’s really premature right now to be too specific about exactly what the right policy move will be in September, but I will reiterate that we need to do more. We’ve not yet seen significant declines in prices and that’s what we’re going to be looking for.”

“In order for us to be able to sustain maximum employment, we really need an inflationary environment where inflation is low and stable. Returning to that 2% target is really job one. We do have the tools to be able to get there. The Federal Reserve has already raised interest rates significantly and we’re monitoring as that plays out. There’s more to do and that’s something that we will be working together, marshaling the wealth of data, the statistical rigor and analysis, combined with listening to people on the ground throughout the economy. It’s really combining all of the information that we have regionally, nationally, and internationally as well, that we use to make those decisions.”