Susan Collins

We haven't brought back price stability at which I am more than I'm totally committed to.

But at the same time, there are those risks

with the slower employment growth that could lead unemployment rates to rise and balancing those risks.

So I think at the moment where we are is appropriate, but if we start to see worsening labor market risks relative to inflation, then starting to dial back the restrictedness would become appropriate.

Well, you know, I am laser focused on the data and the range of data from what's happening in the relative short term to what the indicators are suggesting in terms of longer term trajectories.

I think, as I said earlier, those underlying fundamentals are still quite healthy.

I think my baseline is, again, it's going to remain elevated for some time related to those tariffs, which are still unfolding.

There's a lot of uncertainty with that.

But it's possible that we'll see more persistence.

There are a lot of unusual dimensions of behavior right now, which means that some of the history...

doesn't give us as much of an indicator of how things are going to unfold.

We've got to realize that, but again, we can't wait until all of that uncertainty is resolved before we make our decisions.

Those fundamentals are still healthy, and keeping that balance in mind of the mandate that Congress gave us for price stability and maximum employment is where I will keep my focus.

We just have about 30 seconds.

Well, I don't want to get ahead out of the chair.

He's going to talk about, obviously, the framework.

We have had a robust process there, which I feel really good about, and about what he's seeing in conditions and the outlook.

That was really good.

Really good massaging.

Boston Fed President Susan Collins, thank you so much.