Boston Fed President Says More Rate Increases Needed to Cool Inflation

Susan Collins, the new president of the Federal Reserve Bank of Boston, said she is committed to bringing inflation down to 2% even if it means slowing the economy.

Ms. Collins, in her first public remarks as Boston Fed leader, said Monday she supported further interest-rate increases as projected by Federal Reserve officials last week. They showed the central bank raising aggressively through next year, despite rising fears of an economic slowdown or a recession.