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Fed’s Collins is speaking and is not diving deep into the economy or Fed policy:
- Key to understand how uncertainty impacts economy.
- Uncertainty notable in areas where long-term investment is happening.
- Policymakers must understand uncertainty as financial stability component.
- Must look at data holistically to measure uncertainty levels.
- Uncertainty can even speed up some types of economic activity.
Now starting to focus more specifically on the economy/data:
- Must be cautious and humble when looking at data.
- July jobs data was concerning.
- Big revisions can happen at economic turning points.
- Uncertainty leading to wait-and-see approach to price setting
Fed’s Collins is a voting member on the 2025 Fed Board
This article was written by Greg Michalowski at investinglive.com.
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