Fed Collins: The Fed may need to raise interest rates further, and interest rates may be close to their peak
Fed Collins said that it will take time to reduce the inflation rate to the 2% target level; the Fed still has more work to do and must remain patient and firm; there are good signs that the Fed's work is achieving the desired results; the Fed may need to further raise interest rates, or it may be close to a point where it can stabilize interest rates; drawing a roadmap for raising interest rates in advance is not helpful; it is currently unable to give a clear signal as to where the interest rate peak will be; the Fed will most likely have to maintain interest rates for a period of time.
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