Fed's Collins (2028 voter) says quite likely to hold current rates for some time; Policy is mildly restrictive and may be close to neutral; recent job data has been promising; job market softened last year but wasn't soft

• Wants more confidence that inflation is easing
• Baseline view is that inflation will wane later this year.
• Latest tariff news hasn't changed the outlook much.

Collins’ remarks suggest a cautious tone from the Fed, leaning towards maintaining rates as they assess inflation dynamics. His emphasis on a mildly restrictive policy indicates a wait-and-see approach, which could affect rate expectations moving forward. The market may interpret this as supportive for longer-term growth, but the focus on inflation signals ongoing vigilance in policy decisions.