Fed's Collins says gradual rate hikes best to manage economic risks - Yahoo Finance Singapore

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BOSTON, Nov 14 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said on Saturday she supported a steady pace of modest interest rate increases because that ‌path of action better managed economic uncertainties. When it comes to moving monetary policy to a ‌tighter footing, "a steady, gradual path seems appropriate to me at the moment. But I'm open-minded," Collins told reporters at a conference held ​by her bank on housing issues in Boston. "I do see the risks as two-sided on the real side of the economy," Collins said, with inflation high and its gains broadening throughout the economy, while the job market was stable with the potential to accelerate.