Collins: Fed Rates Need to Be Restrictive for Some Time

The video discusses a gradual approach to policy making, maintaining constant rates in June and September, with a 25 basis point hike in July. It emphasizes the importance of assessing economic data holistically due to uncertainties and risks. The focus is on balancing inflation risks with economic activity, aiming for price stability. The need to hold rates at restrictive levels is highlighted until inflation trends towards the 2% target. The video concludes with optimism about achieving price stability with minimal unemployment impact.

What does the speaker expect regarding inflation and the 2% target?

What is the speaker's outlook on restoring price stability?