US Federal Reserve’s Anna Paulson sees scope for more interest rate hikes amid inflation risks
· economictimes.indiatimes.com
Philadelphia Federal Reserve President Anna Paulson indicated that additional interest rate hikes could be warranted to combat inflation. She stated that inflation remains persistently high, with underlying inflation at about 2.5 to 3%. Paulson characterized the US economy as relatively strong despite external pressures from tariffs and the Middle East conflict. Policymakers expect one further rate increase by the end of the year to manage inflation levels.
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