In an exclusive interview, Jennifer Schonberger, a Yahoo Finance reporter, discussed the timetable and policy driving factors for the Fed's possible interest rate cuts with Susan Collins, the chair of the Boston Federal Reserve Bank.

Collins emphasized the data-driven nature of the decision, "I believe we have recognized that there is no crystal ball, and there is no predetermined path. We must let the data tell us. This is not one or two indicators, but a more comprehensive view of the information."

Regarding the risk assessment of interest rate cuts, Collins said, "Risk is definitely two-sided, and the duality of our mission is most important to me. So if we keep interest rates too long, there may be a risk of slower economic slowdown than expected, which is something I am closely monitoring. I think the labor market is still strong, but I am continuing to monitor changes in a range of indicators in that area to determine the appropriate time to change policy stance."

In response to specific questions about the timing of interest rate cuts, Collins said, "It's too early to consider a rate cut in September. It's more like November or December. We have to let the data guide us, and if we see strong economic performance, later this year will be a suitable time."

Regarding inflation and the continued performance of the economy, Collins pointed out that, "Long-term maintenance of the current rate level may sow the seeds of an economic recession that enhances confidence in raising the inflation rate to continue falling to 2%, which is a risk we must seriously consider."

Regarding the impact of her professional background on decision-making, Collins summarized, "My experience tells me that we need to make decisions based on actual data. This is the key to evaluating the current economic situation and future policy choices."

In her view, the current economic situation is gradually improving, and Collins pointed out, "The economy is moving towards a more balanced state." However, she warned that the recovery in various industries and regions is still uneven, and she described the overall situation as "stable" but "mixed."

Collins shifted her attention to inflation, emphasizing that "these monthly data are indeed unstable." She emphasized that such fluctuations require the Fed to take a patient attitude, as the ultimate goal is to achieve "sustainable low inflation and stable inflation."

About Susan Collins

Susan Collins has been the chair of the Boston Federal Reserve Bank for many years, and she has extensive experience and profound insights in the fields of finance and economic policy. Her decisions are data-driven and focus on a comprehensive evaluation of all aspects of the economy to support stable and sustained growth of the US economy.