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EN590 Commodities GroupMarket Analysis 2026-08-04T13:34:24+00:00
Philadelphia Federal Reserve president Anna Paulson said Tuesday that she supported the decision to hold interest rates steady last week and is keeping an open mind about next steps on setting rates, depending on where inflation moves. "The recent improvement in some inflation data is welcome," Paulson said in a speech titled "Keeping an Open Mind." "It is a step in the right direction, but it is only one step … I am keeping an open mind about where policy goes from here," she said. Paulson said she's focused on gathering more information to better understand what's happening with inflation. Assessing underlying inflation — what price growth would be without the temporary effects of tariffs and energy shocks — she estimates it's running somewhere between 2.4% and 2.8%. Paulson underscored
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