Federal Reserve Can Look Through Tariff-Driven Inflation, Fed's Paulson Says

Core Viewpoint - Price increases driven by tariffs are expected to be temporary, as indicated by Philadelphia Fed President Anna Paulson, who also supports further interest-rate cuts in response to a slowing labor market [1] Group 1 - The Philadelphia Fed President suggests that the impact of tariff-driven price increases will not be long-lasting [1] - There is a call for additional interest-rate cuts this year to address the challenges posed by a slowing labor market [1]