Fed's Collins expects further rate hikes, sees inflation returning to 2%

Federal Reserve official Susan Collins stated that tightening monetary policy is crucial for bringing inflation back to the 2% target. She anticipates the Fed will need to raise interest rates 'a bit further' by the end of the year, expecting inflation to remain above 2% due to high energy prices. Collins supported the Fed's September rate hike and noted the job market is broadly balanced, with the U.S. economy demonstrating resilience. The future path of monetary policy in the new year will be data-dependent.