Fed's Powell supports two more rate cuts in 2025, each by 25 basis points

Jinse Finance reported that Anna Paulson of the Federal Reserve stated she supports two more rate cuts this year, each by 25 basis points. Paulson said that monetary policy should ignore the impact of tariffs on consumer price increases, as she believes there are no conditions for tariff-induced price hikes to evolve into sustained inflation. Paulson expects the economy to continue growing above trend in the third quarter, but she also pointed out that the foundation supporting economic growth is relatively narrow, and some business contacts are uncertain about where future demand will come from.