On the Future of the U.S. Economy
03 October 2025

On the Future of the U.S. Economy

CFR On the Record

About

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


 


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