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Fed's Paulson: Rate Cuts Delayed Amid Economic Assessment

1/3/2026

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Summary

Story summary

At the 2026 Allied Social Science Associations Annual Meeting, Federal Reserve Bank of Philadelphia President Anna Paulson said further rate cuts may be delayed as officials assess the economy.
She noted inflation is moderating and the labor market is stabilizing, and she forecast growth around 2% this year.
Paulson described the funds rate as "a little restrictive" and urged cautious optimism on inflation while monitoring hiring trends this year.

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Story summary

At the 2026 Allied Social Science Associations Annual Meeting, Federal Reserve Bank of Philadelphia President Anna Paulson said further rate cuts may be delayed as officials assess the economy.
She noted inflation is moderating and the labor market is stabilizing, and she forecast growth around 2% this year.
Paulson described the funds rate as "a little restrictive" and urged cautious optimism on inflation while monitoring hiring trends this year.