“The risks of inflation falling too slowly and of the economy weaking too quickly are becoming more balanced,” said Federal Reserve Bank of Boston president Susan Collins on November 4.

“In my view smaller increments [of rate hikes] will often be appropriate, as we work to determine how much tightening is needed,” she said in her first speech on monetary policy since being appointed Boston Fed president on July 1.

She hoped the Fed could bring inflation under control with only a “relatively