By Nick Timiraos

Boston Fed President Susan Collins said Wednesday she thought the central bank should hold interest rates steady after having cut them at the past two meetings to make sure inflation is on a path down to the Federal Reserve's 2% goal.

Collins said she supported cutting rates last month because the risks of weaker-than-expected employment conditions had grown through the summer. But she said she now has a "relatively high bar for additional easing in the near term," in part because those downside risks don't seem to have increased since the summer.

Collins is a voting member of the Fed's rate-setting committee this year. Three other bank presidents with a vote this year have also expressed misgivings about cutting rates at the Fed's next meeting in December absent new information that suggests labor-market conditions are worsening or shows price pressures are moderating.

"Given my baseline outlook, it will likely be appropriate to keep policy rates at the current level for some time to balance the inflation and employment risks in this highly uncertain environment," she said. "Until we can assess some of the effects of the cumulative policy easing since September, it seems prudent to ensure that inflation is durably on a trajectory back to 2% before making any further adjustments to our policy stance."

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November 12, 2025 17:12 ET (22:12 GMT)

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