Federal Reserve Collins: Supports keeping interest rates unchanged, but hopes to adjust statement wording. Boston Fed President Collins said on May 7th that she agrees with the position of colleagues who raised objections to the statement wording at last week's monetary policy meeting. The statement wording implies that the Fed will eventually resume interest rate cuts. Collins said she "strongly supports" the decision to keep interest rates unchanged, but at the same time tends to adjust the wording of the statement so that it "does not get too close to implying that the next step will be a rate cut". Collins' view on the wording of the statement highlights a further shift within the FOMC towards no longer considering recent interest rate cuts. More and more officials hope that the Federal Reserve will send a clearer signal that the next step may be to cut interest rates or raise interest rates. Collins said that as the energy shock caused by the Middle East conflict delays the progress towards achieving the 2% inflation target, she tends to take a more "agnostic" stance on the future interest rate path. Interest rates may remain unchanged for a longer period of time, and further easing will have to wait further into the future. However, in some cases, the Federal Reserve may also need to consider raising interest rates, but she emphasized that this is not her benchmark expectation. I am more concerned about the sustainability of inflation, "Collins said, pointing out that as the global spillover effects of war continue, supply chain disruptions may spread price increases from energy to the food sector. She added that interest rates should be maintained at the current 'moderately restrictive' level. But if the inflation path appears to be heading in the wrong direction, policymakers will need to reassess what constitutes appropriate policy.