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(Bloomberg) -- Federal Reserve Bank of Boston President Susan Collins said she’s looking for more evidence that inflation is durably set to align with policymakers’ 2% target before moving to cut interest rates, though that step is likely “later this year.”Most Read from BloombergHaley Loses Nevada Primary to ‘None of These Candidates’ OptionChina Replaces Top Markets Regulator as Xi Tries to End RoutTesla Asks Which Jobs Are Critical, Stoking Layoff FearsUS Commercial Real Estate Contagion Is N

(Bloomberg) -- Four Fed officials suggested Wednesday they don’t see an urgent case for lowering interest rates, adding to a roster of policymakers in recent days who made clear a cut isn’t likely until May at the earliest.Most Read from BloombergHaley Loses Nevada Primary to ‘None of These Candidates’ OptionChina Replaces Top Markets Regulator as Xi Tries to End RoutTesla Asks Which Jobs Are Critical, Stoking Layoff FearsUS Commercial Real Estate Contagion Is Now Moving to EuropeTrump Denied Im

"Everyone should just wait. When we get a negative data point, we can talk about it. Until then, seems to me the economy is doing just fine."

"We have an economy that is both piping hot (in terms of growth and job creation) and refreshingly cool (in terms of inflation)," he wrote for The New York Times.

Employers added 353,000 jobs in January and unemployment was 3.7%. Hiring likely to slow in 2024 after a COVID-related surge the past couple of years.