TechFlow news, on January 4th, according to Jinshi Data, Philadelphia Federal Reserve President Paulson stated that if inflation cools, the Federal Reserve could further cut interest rates, but simultaneously hinted that any additional rate cuts might not be implemented immediately. In her speech delivered in Philadelphia on Saturday, Paulson noted that she is cautiously optimistic about the potential easing of price pressures in the coming months. This year marks her first term as a voting member of the Federal Reserve's policy committee. She indicated that the current target range for interest rates, between 3.5% and 3.75%, remains "slightly restrictive," meaning this level is sufficient to curb inflation, which could create conditions for further rate cuts in the future. According to the published speech transcript, Paulson said, "If inflation eases and the economy remains on its current trajectory, a moderate adjustment to the federal funds rate later this year may be appropriate." Paulson mentioned that signals regarding the health of the job market are "mixed," overall indicating that while the market is under pressure, it is not collapsing. She is awaiting more data to clarify the situation. These remarks suggest that she may want to see more evidence of economic developments in the coming months before supporting further policy adjustments.
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