More from Fed's Collins: Inflation continues to be top of mind

Federal Reserve Bank of Boston President Susan Collins:

• Inflation continues to be top of mind
• Inflation worries conitnue to be pervasive in the economy
• Has long expected that tariffs would take some time to work through the economy
• Expects hiring will improve over the longer horizon

Collins spoke earlier:

• Fed's Collins: It seems 'prudent' to cut rates further

It seems dissonant to me to think its prudent to cut rates while inflation concerns are pervasive. Yes, the inflation impact of tariffs should be one-off, but not when new ones keep being levied over and over again (TACO excepted).

Folks with skin in the game are not so complacent on tariff inflation:

• Goldman: Trump trade policy now key driver of US inflation. See tariffs delaying Fed cuts.

Here we go, some motivated reasoning now from Collins:

• Valuable for the Fed to show a range of views
• Job market risks suggest more easing needed