Reject their optimism from recent data
Derby 24 (Michael S. Derby, reporter for Thomson Reuters, “Fed's policy patience warranted amid still-high inflation, Collins says” 6/18/2024. Accessed 6/18/2024. https://www.reuters.com/markets/rates-bonds/feds-policy-patience-warranted-amid-still-high-inflation-collins-says-2024-06-18/) wtk
Boston Federal Reserve President Susan Collins on Tuesday cautioned against getting carried away with recent inflation data that suggested price pressures may again be retreating back to the U.S. central bank's goal.
"It is too soon to determine whether inflation is durably on a path back to the 2% target," Collins said in the text of a speech to a group in Lawrence, Massachusetts. "We should not over-react to a month or two of promising news, just as it was not appropriate to take too much (of a) signal from the disappointing data at the beginning of this year," she said.