The newly appointed President of the Philadelphia Federal Reserve speaks out for the first time, supporting two more interest rate cuts this year

Anna Paulsen, President of the Federal Reserve Bank of Philadelphia, stated that she supports two more rate cuts this year, each by 25 basis points, and believes that monetary policy should overlook the short-term price increases caused by tariffs. She pointed out that the current monetary policy remains relatively tight, and further easing aligns with the Federal Reserve's economic forecasts. Although most committee members support rate cuts to bolster employment, some officials are cautious about inflation. Paulsen expects commodity prices to rise slightly in the future, but long-term inflation expectations remain stable. She warned that the foundation for economic growth is narrowing, with consumption relying on high-income household spending