[Federal Reserve's Collins: Tightening Monetary Policy Will Help Restore Inflation to 2%] The Federal Reserve's current primary focus is the "risk of high inflation" remaining at a "high level." Due to elevated energy prices, inflation is expected to stay above 2%. The future path of monetary policy in the new year will depend on data. Supports a rate hike at the Federal Reserve's September meeting. The U.S. economy has demonstrated resilience in the face of shocks. (Sina Finance)