CNBC’s Steve Liesman interviewed Susan M. Collins for the Live @ Jackson Hole, Wyo., segment, “Debating Fed rate hikes.”
Collins and Carmen Reinhart (Kennedy School) spoke with Leisman about Federal Reserve Chair Janet Yellen’s policy speech, and whether or not the Fed should raise rates.
“From my perspective, the risks of moving too quickly are quite a bit higher than the risks of waiting a little bit. If it turns out that inflation rates are rising, the Fed is well positioned to address that promptly,” said Collins.
“At the same time, I still see the growth as somewhat fragile,” she said, “and I think that there is really good news that the stronger labor market is translating into helping a wider range of groups of the U.S. labor market.”
Susan M. Collins is a member of the board of directors of the Federal Reserve Bank of Chicago, one of 12 regional Federal Reserve Banks that conduct the nation’s monetary policy and help to maintain a stable financial system. She is the Joan and Sanford Weill Dean of Public Policy at the University of Michigan’s Gerald R. Ford School of Public Policy.