Susan M. Collins, Interview: NY Times
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Excerpts from the NY Times publication are below – no posting is available.
Fed Funds
“I think 25 or 50 would be reasonable; I’d lean at this stage to 25, but it’s very data-dependent.”
“Adjusting slowly gives more time to assess the incoming data before we make each decision, as we get close to where we’re going to hold. Smaller changes give us more flexibility.”
“I think of smaller increases as what resolute looks like right now.”
“We’ve really moved into the second phase of our work: The first phase, it was about being aggressive … Now that we’re in restrictive territory, I continue to believe that what I think of as ‘judicious’ moves are the right way to get there.”