Philly Fed President Anna Paulson Backs Two More Rate Cuts This Year
1. Philadelphia Fed President advocates two more quarter-point interest rate cuts. 2. Tariffs may temporarily increase prices but won't cause lasting inflation. 3. Unemployment rate rose to 4.3%, with job growth limited to healthcare. 4. Strong economic growth contrasts with a slow labor market. 5. Expansion shows risks ahead with a narrow base of support.