Fed’s Paulson Sees More Risks to Labor Market Than Inflation
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Federal Reserve Bank of Philadelphia President Anna Paulson said Friday she expects inflation to cool next year though she cautioned there is a risk of a further downturn in the labor market. “On net, I am still a little more concerned about labor market weakness than about upside risks to inflation,” Paulson said Friday at the Delaware State Chamber of Commerce. “That’s partly because I see a decent chance that inflation will come down as we go through next year.” The impact of tariffs on goods prices should fade by the middle of next year, she said.