Federal Reserve Bank of Boston President Susan Collins said Friday that a retreat from an integrated global economy could complicate the central bank’s work and push up price pressures.
A shift toward “economic fragmentation” could “usher in a transitional period of inflationary pressures,” Collins said in the text of a speech to be delivered at a conference held by her bank. What’s more, this kind of environment could lead to “less financial integration,” which “could raise domestic borrowing costs, as well as affect financial conditions more broadly,” she said.
Source : Reuters