Collins: The retreat of global economic integration may increase inflationary pressures

According to ChainCatcher, citing Jinse Finance, Federal Reserve's Collins stated on Friday that the retreat of global economic integration may complicate the Fed's work and increase price pressures. She pointed out that the shift towards "economic fragmentation" could bring about a transitional period of inflationary pressure and may lead to a lower degree of financial integration, thereby raising domestic borrowing costs and affecting financial conditions. Collins also mentioned that such an environment could intensify business cycle and inflation fluctuations, complicating the Fed's efforts to maintain price stability and maximum employment.