Fed Philly leader discusses need for more rate hikes
The President of the Federal Reserve Bank of Philadelphia, Anna Paulson, confirms that high inflation remains stubborn, and it may be necessary to raise interest rates again to bring inflation back to the 2% target. She expects that further tightening of monetary policy will be needed, especially if conditions develop as she anticipates, in order to support efforts to reduce inflation and balance economic risks, following the recent rate hike to a range of 3.75% to 4%. Inflationary pressures continue due to factors such as tariffs and energy prices, despite the stability of the labor market.
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