Federal Reserve Bank of Boston President Susan Collins said on Thursday that more rate hikes are required to bring inflation back in control. She added that the extent of interest rate hikes will be determined by incoming data.

Collins’ comments were no surprise as she repeated what has been saying in February. Later on Thursday, Fed Governor Christopher Waller will speak on the economic outlook and Minneapolis Fed President Neel Kashkari will participate in an event on “Race, Justice and the Economy".