Fed's Collins: September Payrolls Exceeded Expectations, Policy Stance Slightly Restrictive

Federal Reserve Bank of Boston President Susan Collins said on Nov. 22 that September employment data showed a mixed picture, with payroll gains exceeding forecasts, Jin10 reports. Collins described the Fed's current policy stance as "slightly restrictive," appropriate for present economic conditions. She said it would be suitable for the Federal Reserve to conclude balance sheet reduction, adding that differing policy views among officials are unsurprising during this complex period.