Federal Reserve Bank of Boston President Susan Collins said on Tuesday that with inflation trends growing weaker it is very probable that the U.S. central bank can deliver more interest rate cuts.

The labor market remains in a good place overall—neither too hot nor too cold,” said the Boston Fed president.

Pointing to the consensus among her colleagues for two more 25 basis point rate cuts this year, Collins said in a speech in Boston that "further adjustments of policy will likely be needed." She stressed that rate cuts are not on a pre-set path and that the Fed will remain data-dependent.

Federal Reserve Bank of Boston President Susan Collins said policymakers should use a careful, data-dependent approach as they lower interest rates to help preserve the strength of the US economy.

Federal Reserve Bank of Boston President Susan Collins said it was “prudent” for officials to lower rates by a half percentage point last month as inflation declines and the economy becomes more vulnerable to shocks.

Kashkari also responded to a question about the last“dot plot,” or summary of projections, in March, which called for three rate cuts in 2024. Kashkari only jotted down two rate cuts for the year in March, and what he will project in June will depend on the data released between now and then.

Boston Fed President Susan Collins said Tuesday that there are risks to the U.S. economy not only from sticky inflation, but also an economic downturn.