Fed's Paulson hints at future rate cuts

Anna Paulson, who is in charge of the Federal Reserve Bank of Philadelphia, gave a speech about the economy.

She said that the Fed might cut interest rates again later this year, but not right away.

She thinks inflation will go down and the job market will get better.

Right now, interest rates are a little high, but they are helping to control inflation.

Last year, the Fed cut rates three times to help the economy.

Some people, like President Trump, wanted bigger cuts, but not all Fed officials agreed.

Paulson is hopeful that inflation will be close to the Fed's target of 2% by the end of the year.