Federal Reserve's Collins hints at continued policy tightening, saying fighting inflation takes priority over housing challenges

BlockBeats news, November 13: Boston Fed President Collins hinted on Friday that tighter monetary policy might be needed to cool down prices. In a speech focused on the housing market, Collins said higher interest rates could limit housing affordability. However, she added that ensuring price stability in the long run would benefit both the housing market and the overall economy. "In the short term, higher interest rates needed to cool the economy and control inflation may make home buying and construction more costly," Collins said in her prepared remarks. "But in the long run, stable prices create a predictable economic environment, which is beneficial for the housing market."