Odaily Planet Daily News: Boston Fed President Collins said that compared with previous expectations, it may take longer for the Federal Reserve to have enough confidence to relax monetary policy, and the number of interest rate cuts this year may be reduced. Recent data have eased her concerns about having to adjust interest rates in the short term, but she still expects rate cuts to begin later this year. "Overall, recent data have not substantially changed my views, but they do highlight that there is uncertainty about the timing of rate cuts, and that patience is needed, and the process of falling inflation may still be bumpy. This means that the degree of policy easing this year may need to be less than previously expected."