Archive · 21 Nov 2025
Fed Officials Divided on Rate Cuts Amid Inflation, Employment Concerns
Two Federal Reserve officials, Anna Paulson and Beth Hammack, shared their views on interest rate cuts.
Paulson thinks tariffs won't increase inflation and is worried about both inflation and employment.
Hammack believes the Fed shouldn't cut rates again in December because it might keep inflation high for longer.
They both agree that the Fed needs to balance inflation and employment risks when making decisions.
Anna Paulson, Philadelphia Fed President, says tariffs unlikely to boost inflation
Paulson warns about balancing inflation and employment risks in rate decisions
Beth Hammack, Cleveland Fed President, opposes further rate cuts due to inflation risks
Investors scale back expectations for December rate cut following officials' views
Fed officials divided on future rate moves, with some favoring cuts and others cautious
- Who
- Anna Paulson (Philadelphia Fed President) and Beth Hammack (Cleveland Fed President)
- What
- Expressed views on interest rate cuts and inflation
- When
- November 2023
- Where
- At conferences hosted by their respective Federal Reserve Banks
- Why
- To share their perspectives on monetary policy and economic conditions
Paulson's View
Hammack's View
Rate Cuts
Paulson's View
May be necessary to support the labor market and balance risks
Hammack's View
Could prolong high inflation and increase financial risks
- Current Inflation Rate
- Above target
- Next Fed Meeting
- December 9-10, 2023
- October Rate Cut Decision
- 0.25%
Sources
Fed's Beth Hammack says rate cuts may prolong inflation, boost risks
Fed officials eye financial stability as they debate next rate move
Will tariffs impact US inflation? Fed’s Anna Paulson answers, warns about next rate cut, flags labour market strain
