Susan Collins, president of the Boston Fed, said the Fed's 50 basis point cut in interest rates last month was a "prudent" move as inflation fell and the economy became more vulnerable to shocks. "Against this backdrop, I think an initial 50 basis point cut is prudent given that monetary policy remains in restrictive territory," Collins said in remarks prepared for an event in Worcester, Mass., on Wednesday. "Further adjustments may be needed." Collins largely repeated comments she made on Tuesday, including her belief that policymakers should take a "prudent, data-dependent approach" when lowering interest rates to help maintain the strength of the U.S. economy. She again stressed that there is no set path for policy.