Collins: Fed Rates Remain Mildly Restrictive

Federal Reserve Bank of Boston President Susan Collins stated that current interest rates are mildly restrictive and helping to slow inflation in the US economy.

Collins made this comment during an interview with Bloomberg News at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming. She emphasized that there is still evidence that the central bank's policy setting is restraining growth and aiding in reducing price pressures.

The annual economic symposium in Jackson Hole brought together prominent economists to discuss key economic issues.