Rep. Suzan DelBene, the head of the House Democratic campaign, said it could take a week or more to formalize control of the House. With more voters choosing to vote by mail, results could take as long as the 2022 midterm elections (when it would take eight days to officially know which party won control of the House), or even longer.
Susan Collins, president of the Boston Fed, said the Fed's move to cut interest rates by 50 basis points last month was "prudent" as inflation fell and the economy became more vulnerable. "Against this backdrop, I think an initial 50 basis point cut is prudent given that monetary policy remains in restrictive territory," Collins said in remarks prepared for an event in Worcester, Massachusetts, on Wednesday. "Further cuts may be needed.
Susan Collins, president of the Federal Reserve Bank of Boston, said it would be appropriate to start cutting interest rates soon to help maintain a still-healthy labor market. Collins said officials should start easing policy gradually. She stressed that she did not see any "significant red flags" in the economy. The Boston Fed president also said her focus was on "maintaining a healthy labor market while continuing to reduce inflation". Collins...