[Federal Reserve Officials: Interest Rates Likely to 'Remain Unchanged for Some Time,' Further Rate Cuts Require Evidence of Inflation Dropping to 2% Target] BlockBeats News, February 25: Boston Federal Reserve President Susan Collins stated that, given recent economic data showing improvements in the labor market while inflation risks persist, interest rates are likely to 'remain unchanged for some time.' Collins said during a panel discussion hosted by the Boston Fed on Tuesday that the labor market is showing 'at least some more unusual signs of stability.' She also noted that more evidence is needed to demonstrate that the inflation rate is moving toward the 2% target. 'I think it is likely appropriate to maintain the current rate range for some time,' she said. 'After a cumulative easing of 175 basis points over the past year and a half, we are currently in a mildly restrictive range, which may already be quite close to a neutral level.' Chicago Fed President Austan Goolsbee stated that it is not appropriate to further cut rates until there is more evidence that inflation is consistently declining. Goolsbee noted that the Supreme Court's decision to overturn several of Trump's global tariffs could bring more uncertainty to businesses but might also help curb inflation. Speaking at the National Association for Business Economics conference on Tuesday, Goolsbee said he hopes to see evidence of inflation cooling to the Fed's 2% target before supporting further rate cuts.