Paulson, Fed President "Tariff Increases Expected to Cause Temporary Price Increases"

Source
JH Kim

Summary

  • Anna Paulson said she prefers a gradual path of interest rate cuts.
  • He said tariff increases may temporarily cause inflation, but will not lead to sustained price increases.
  • President Paulson said that securing economic data is not a problem even in a government shutdown situation.

On the 13th (local time), according to the economic breaking news channel Walter Bloomberg (Walter Bloomberg), Anna Paulson, president of the Federal Reserve Bank of Philadelphia, said, "I prefer a gradual path of interest rate cuts from this year into next year."

He said, "The exact level of the neutral rate is uncertain," and "Therefore, it is necessary to approach the pace of rate cuts cautiously."

Furthermore, President Paulson forecasted, "Tariff increases can stimulate inflation, but they will not lead to sustained price increases."

He added, "Even in a government shutdown situation, the Fed is securing sufficient economic data through various channels."

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JH Kim

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