[Collins of the Federal Reserve: Given the risks in the economy, the 50 basis point rate cut last month was a prudent move] Golden Finance reported that Susan Collins, president of the Federal Reserve Bank of Boston, said that as inflation fell and the economy became more vulnerable to shocks, the Federal Reserve's 50 basis point rate cut last month was a "prudent" move. "Against this backdrop, I think an initial 50 basis point rate cut is a prudent move, given that monetary policy remains in a restrictive zone," Collins said in a speech prepared for an event in Worcester, Massachusetts on Wednesday. "Further adjustments may be needed." Collins largely repeated her comments on Tuesday, including her belief that policymakers should take a "prudent, data-dependent approach" when lowering interest rates to help maintain the strength of the U.S. economy. She reiterated that there is no set path for policy.