On Oct 14, 2026 FOMC voter and Philadelphia Fed President Anna Paulson made her first major policy remarks at the National Association for Business Economics conference, expressing support for two additional rate cuts this year. She emphasized the need to “look through” tariff-driven price spikes, arguing such inflationary effects are temporary and that monetary policy should focus on core inflation and labor market structure. Her comments conveyed a clear dovish tone, suggesting continued consensus within the Fed for gradual easing.
At the macro level, Paulson’s remarks align with rising unemployment data, underscoring growing concern among policymakers about slowing growth and weakening job momentum. She noted that U.S. growth increasingly depends on high-income households and AI-related equity gains — a sign of uneven recovery dynamics. Meanwhile, IMF Managing Director Kristalina Georgieva warned of rising global debt and financial fragility, calling for a more credible debt assessment framework to support coordinated policy action.
Bitunix Analyst Insight:
Paulson’s call to “look through tariffs” implies that the Fed’s focus is shifting toward medium-term inflation stickiness and real demand elasticity rather than short-term price volatility. This perspective may mark the prelude to a broader policy framework adjustment, as the Fed seeks a new balance between rate-cut momentum and financial stability. Markets should watch for subtle shifts in tone and timing as year-end approaches.
