Federal Reserve's Paulson: Supports two more rate cuts this year, each by 25 basis points

ChainCatcher news, according to Jinshi reports, 2026 FOMC voting member and Philadelphia Fed President Harker hinted that she is inclined to cut interest rates two more times this year, each by 25 basis points. She stated that monetary policy should ignore the impact of tariffs on rising consumer prices when being formulated, and believes that there are currently no conditions for tariff-induced price increases to evolve into persistent inflation. Harker described last month's decision to cut rates by 25 basis points as "reasonable," and advocated for easing monetary policy in accordance with the Federal Reserve's economic forecast summary.