Boston Fed President Susan Collins said Tuesday that there are risks to the U.S. economy not only from sticky inflation, but also an economic downturn.

The labor market remains in a good place overall—neither too hot nor too cold,” said the Boston Fed president.

Federal Reserve Bank of Boston President Susan Collins said on Tuesday that with inflation trends growing weaker it is very probable that the U.S. central bank can deliver more interest rate cuts. "Further adjustments of policy will likely be needed,

Federal Reserve Bank of Boston President Susan Collins said policymakers should use a careful, data-dependent approach as they lower interest rates to help preserve the strength of the US economy.

Billionaire hedge fund boss Ray Dalio said market expectations for the Federal Reserve to deliver a large amount of interest-rate cuts appear too high. Traders are trying to determine what’s next for interest rates after the Fed’s half-point slashing to 4.

Boston Fed president Susan Collins said Tuesday that the central bank will likely need to cut interest rates further, and that the next phase of monetary policy should focus on preserving the economy.