Collins: Will closely monitor the job market for signs of a slowdown
TL;DR
Fed Chair Collins says current monetary policy is appropriate given economic resilience and is skeptical about another rate cut. She will monitor the job market for slowdown signs that could impact her policy outlook.
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According to ChainCatcher, citing Jinshi News, Federal Reserve Chair Janet Collins stated on Friday that monetary policy is in the right place given the economy's resilience, suggesting she is skeptical about the need for another rate cut at next month's monetary policy meeting. She noted that the September jobs data released this week was mixed, and the economy appears resilient. Collins stated that she will closely monitor the job market for signs of a slowdown, which, if it does slow, will affect her monetary policy outlook.