Federal Reserve Bank of Boston

Susan M. Collins, president and CEO of the Federal Reserve Bank of Boston, said she opposes interest rate cuts as the Iran war pushes inflation to a three-year high.

“My baseline features a still-uncertain inflation picture, with continued upside risks,” Susan M. Collins told a business gathering on Friday.

Susan M. Collins, a member of the interest rate-setting Federal Open Market Committee, warned that the “major, transformative and intertwined” forces shaping the economic landscape could spark more volatile business cycles and inflation.

Susan M. Collins talked with Mainebiz as she wrapped up a visit to Biddeford, Bangor and Millinocket for meetings with business leaders and local companies.

The state faces a double whammy in nursing home care: fewer facilities, but a growing elderly population. The Mainebiz Health Care Forum on June 5 will examine some of the issues surrounding care for older adults.

"You're seeing increased margin pressure related to competition for deposits, and competition from new market entrants," Susan M. Collins told the Maine Bankers Association at its annual meeting.