On The Record

On the Future of the U.S. Economy

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In September 2025, the U.S. Federal Reserve approved a quarter-point interest rate cut. The move came amid a softening labor market, above-target inflation, heightened uncertainty about Trump’s trade and tariff policy, and other conditions that present significant challenges to monetary policymakers. Against this backdrop, Susan M. Collins, the president and CEO of the Federal Reserve Bank of Boston, discusses the United States’ current economic outlook. 

 

Background Reading: 

  • This backgrounder unpacks the role of the U.S. Federal Reserve, and its ongoing struggles with inflation and political scrutiny.

    •  

    Host: Seema Mody, Technology and Global Markets Correspondent, CNBC

     

    Guest: Susan M. Collins, President and Chief Executive Officer, Federal Reserve Bank of Boston

     

    Want more comprehensive analysis of global news and events straight to your inbox? Subscribe to CFR’s Daily News Brief newsletter.

     

    To keep tabs on all CFR events, visit cfr.org/event. To watch this event, please visit our YouTube channel: https://www.youtube.com/watch?v=CJgEznKrwKY 

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    On The RecordBy Council on Foreign Relations
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