Fed's Collins not seeing overwhelming progress (on inflation), more work to be done

Fed's Collins (non-voter) says on Bloomberg TV that PCE data was about what the Fed expected; not seeing overwhelming progress, more work to be done; inflation is too high

Is highly data dependent.Need to have financial conditions that are sufficiently tight and then hold."Early days" on deciding if Fed has gone as far as it needs to go.

I`![](https://leviathanwebstorage.blob.core.windows.net/wpstorage/2023/03/fed-speamportant to recognise risks on both sides as Fed raises rates.It will take some time but other sectors should respond to tighter monetary policy in the coming quarters.