According to Jinshi, Boston Fed President Collins said that given rising inflation and the resilience of the job market, there is no urgency to cut interest rates in the short term. She believes that this week's inflation data is at the "high end" of expectations and expects inflation to continue to ease, but it may take longer than previously thought. Collins reiterated that it is expected that a rate cut later this year is appropriate, but the timing of the rate cut may be later than she previously thought. In another interview this week, Collins said she expects the number of rate cuts to be in the "two-time range."