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Boston Fed President Susan Collins signals interest-rate hikes possible

The cacophony of Federal Reserve officials with hawkish outlooks on short-term interest rates is growing louder as war-fueled inflation risks outweigh concerns about the U.S. labor market. Boston Fed President Susan Collins told Bloomberg May 7 that she agreed with three fellow regional bank presidents who dissented at the April 29 monetary policy meeting over wording that suggested the central bank would eventually resume cutting the benchmark Federal Funds Rate this year. [...]