[Federal Reserve's Collins: The Retreat of Global Economic Integration May Push Up Inflation] Jin10 Data, November 21 – Federal Reserve's Collins stated on Friday that the retreat of global economic integration could complicate the Fed's work and increase price pressures. Collins pointed out that the shift toward 'economic fragmentation' might 'bring a transitional period of inflationary pressure.' She also mentioned that this environment could lead to 'a lower degree of financial integration,' thereby 'raising domestic borrowing costs and more broadly impacting financial conditions.' She remarked that 'a more turbulent and fragmented global environment could exacerbate business cycle and inflation fluctuations.' Furthermore, she noted that such an environment 'could complicate the Fed's efforts to maintain price stability and maximum employment, especially if the supply-side components of economic shocks are larger in this new environment.' Collins also stated that rising global risks and fragmentation 'tend to suppress short-term economic activity while reducing long-term growth, potentially becoming significant, transformative, and interwoven forces shaping the economic landscape in the coming years.'