Fed's Collins Sees Potential for Rate Cuts in 2023-2024 to Curb Inflation

• Collins expects about 2 rate cuts from the Fed this year to help bring down inflation • She sees the economy slowing in 2024, helping reduce inflation pressures • There is still uncertainty around the inflation outlook that warrants Fed patience before cutting rates • Collins believes rate cuts could start later than previously expected given volatile data • The Fed is working to reduce stigma issues for banks accessing emergency lending if needed