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Federal Reserve's Collins said on Wednesday that she expects interest rates to remain stable for an extended period of time and believes that in certain situations, further policy tightening may be necessary to ensure that inflation returns to the 2% target. She noted that traditional monetary policy often "overlooks" sudden supply shocks such as rising oil prices. However, considering that inflation has been above the target level for over five years, she believes that patience in restraining price increases is decreasing. Collins said that the current slightly tight monetary policy "may need to continue for some time." She stated, "Risks of downside economic activity have slightly increased from shocks, while risks of inflation rising further have increased." At the same time, she also said that if inflation falls, the Federal Reserve may still cut interest rates later this year. Collins added, "However, if conflicts persist and lead to further price increases, I can envision a scenario in which policy tightening is needed to ensure that inflation returns to 2% in a reasonable time frame."