NEW YORK (Reuters) -Federal Reserve Bank of Boston President Susan Collins said Wednesday she is expecting the central bank to cut interest rates later this year. 

"While I continue to expect it will be appropriate to resume gradual policy normalization later this year, my outlook could change significantly as events unfold, and the economic impact of changes in various government policies comes into sharper focus," Collins said in a statement released by her bank. "Much will depend on whether the 'price shock' from tariffs dissipates quickly," she said.