Boston Fed President Susan Collins is signaling a more conservative stance on monetary policy, emphasizing the need for patience and gradual movement on future rate cuts despite progress on inflation. While acknowledging inflation’s significant decline from 2022 peaks, Collins notes increasing concerns about its persistence and the complex economic landscape ahead. Her remarks come as the Fed navigates between maintaining price stability and preserving labor market health, with additional uncertainty stemming from potential policy changes under the incoming administration. Collins’s position aligns with broader Fed projections but emphasizes flexibility in response to evolving economic conditions.