Fed's Collins (2028 voter) says watching the extent to which tariffs continue to pass through the price chain and Fed may need to raise rates if inflation pressures broaden in coming months, according to WSJ

Fed's Collins comments highlight a cautious approach to inflation, suggesting that the Fed may need to consider raising rates if tariff impacts contribute to broader inflationary pressures. This signals a potentially hawkish stance that could affect market expectations for interest rates and strengthen the dollar, especially if inflation persists as a concern.