In the News In the News

Highlights of local and national media coverage of the Boston Fed and its leadership team Highlights of local and national media coverage of the Boston Fed and its leadership team

The Boston Fed and its leadership team help shape regional and national economic policy. This is a continuously updated page that documents media mentions of the Bank and its leadership.

2023

The Wall Street Journal | November 25, 2023
American Borrowers Are Getting Closer to Maxing Out

A recent note published by the Federal Reserve Bank of Boston found that as of July, consumers with annual household incomes of less than $50,000 whose accounts were delinquent were on average utilizing 80 to 90 percent of their available credit.

CNBC | November 17, 2023
Boston Fed President Susan Collins: Too soon to declare victory over high inflation

Boston Fed President Susan Collins joins 'Squawk on the Street' to discuss her reaction to the most recent CPI report, the disconnect between the market's response to CPI and the Federal Reserve, and more.

Reuters | November 17, 2023
Boston Fed's Collins: Central bank needs better view of full employment

Improvements in labor supply that seem to occur as the overall job market gets tighter means Federal Reserve policymakers may need to worry less about inflation at such moments and let the benefits of strong employment spread to workers, Boston Fed president Susan Collins said Friday.

Boston Globe | October 16, 2023
Frustrated that online payments can take days to clear? The wait might be over.

FedNow, which has been live since July, is designed to process transactions in seconds, compared with several days for the Fed’s existing automated clearinghouse system.

MarketWatch | October 12, 2023
Fed’s Collins says rise in bond yields could reduce the need for further interest-rate hikes

The recent rise in long-term bond yields could obviate the need for further interest-rate hikes, Boston Federal Reserve Bank President Susan Collins said on Thursday.

Boston Globe | October 2, 2023
Boston Fed’s second-in-command will retire after four decades with the Federal Reserve

Kenneth C. Montgomery, the No. 2 executive at the Federal Reserve Bank of Boston, will retire in the spring after 40 years with the Federal Reserve System.

Reuters | September 22, 2023
Fed's Collins: Further tightening possible, though "patience" required

Further Federal Reserve interest rate increases are "not off the table" with inflation still not clearly contained, Boston Federal Reserve President Susan Collins said in remarks on Friday backing the current central bank outlook for interest rates to remain "higher, and for longer."

Bloomberg | September 6, 2023
Fed’s Collins Says Patience Needed and Further Tightening Possible

Federal Reserve Bank of Boston President Susan Collins said policymakers will need to be patient as they assess economic data to figure out their next steps and that further tightening may still be required, based on what the trends show.

ABA Banking Journal | September 1, 2023
Q&A with Ken Montgomery, FedNow Program Executive

From his capacity as first vice president and chief operating officer of the Federal Reserve Bank of Boston, Montgomery was the first employee named to the FedNow Service team, which he has led since 2019. He offered some reflections on the exciting journey to launch the service, and what lies ahead for innovation in instant payments.

The Washington Post | August 25, 2023
Fed chief says more ‘ground to cover’ to get inflation under control

“We are in a place where I think the work that we have done positions us to be able to be patient,” Collins said. “Taking longer, more holistic looks matters.” 

Yahoo! Finance | August 24, 2023
Fed's Collins: More rate hikes may be needed

Boston Federal Reserve President Susan Collins said Thursday the central bank may hike interest rates further and will likely need to keep rates elevated for an extended period even if it does decide against another increase in the coming months.

WCVB-Boston | July 11, 2023
Boston Fed President Susan Collins hints at interest rates in exclusive interview

Economist Dr. Susan Collins just finished her first year on the job as president and CEO of the Federal Reserve Bank of Boston. She told NewsCenter 5 her policymaking relies not just on economic data but also on what she learns from talking with people around New England.

The Springfield Republican/MassLive | June 22, 2023
For Boston Fed chief Susan M. Collins, the goal is to have no one fretting about inflation

The Federal Reserve’s goal, says Susan M. Collins, president and CEO of the Federal Reserve Bank of Boston, is an economy where no one is thinking about inflation.

Boston Globe | May 25, 2023
In CCRI chat, Boston Fed’s Susan Collins says pause in interest rate hikes may be near

Speaking at the Community College of Rhode Island Thursday, Federal Reserve Bank of Boston President and CEO Susan M. Collins said that “while inflation is still too high, there are some promising signs of moderation.”

WMUR | May 23, 2023
President of Federal Reserve Bank of Boston says higher interest rates help control inflation, slow demand

Susan Collins, the president and CEO of the Federal Reserve Bank of Boston, said the Fed is working to bring inflation down in a reasonable amount of time.

Marketwatch | May 17, 2023
How can we work to close the racial wealth gap?

While financial-literacy programs and efforts to promote savings among low-income families are helpful, they aren't enough to significantly chip away at racial wealth inequality in the U.S. 

Marketplace | April 3, 2023
A Fed president on remedies for inflation, banking supervision, and the possibility of recession

A conversation with Susan M. Collins, President of the Federal Reserve Bank of Boston, about the Federal Reserve's role in everything from setting interest rates to safeguarding the financial system.

Bloomberg TV | March 31, 2023
Fed's Collins on Inflation, Rates Path, Banking System

Federal Reserve Bank of Boston President Susan Collins discusses her takeaways from the US inflation data released on Friday, monetary policy, and the Fed's response to the recent collapse of several mid-size banks on "Bloomberg Surveillance."

Reuters | March 31, 2023
Fed's Collins says latest inflation data doesn't change policy path yet

Boston Federal Reserve President Susan Collins said on Friday that wherever the U.S. central bank stops with its interest rate rises, maintaining that level for some time will be critical in helping to lower high inflation back to the 2% target.

Bloomberg | January 3, 2023
Boston Fed’s Susan Collins Takes Real-Life Lessons in Economics to New Job

Susan Collins, who made history in July when she became the first Black woman to lead a regional Federal Reserve bank, said her family trips to Jamaica were an early source of lessons on economics, inequality, and the real-life effects of monetary policy.