Boston Fed's Collins Says More Policy Tightening Needed

The transcript discusses the need to reduce inflation to a 2% target for price stability. It highlights the strength and resilience of the banking system, emphasizing its critical role in the economy. Recent bank failures are addressed, noting their potential to undermine confidence. The Federal Reserve, along with the Treasury and FDIC, took actions to bolster public confidence and protect the economy, while also reviewing what went wrong to improve future practices.

How do banks of all sizes contribute to the economy?

What is the mission of the Federal Reserve in relation to the banking system?