Fed's Paulson supports two more 25 basis point rate cuts in 2025
2025-10-13 17:17:17
Anna Paulson of the Federal Reserve said she supported two more rate cuts this year of 25 basis points each. Ms Paulson said monetary policy should ignore the impact of tariffs on higher consumer prices because she did not believe there were conditions for tariff-induced price rises to turn into sustained inflation. Ms Paulson predicted that the economy would continue to grow above trend in the third quarter, but noted that growth was underpinned by a narrow base and some business contacts were wondering where future demand would come from.
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