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Paper co-authored by Fed's Paulson doesn't discuss near-term rate policy

BY Reuters | ECONOMIC | 01/03/26 10:15 AM EST

Jan 3 (Reuters) - A paper released on Saturday counting Federal Reserve Bank of Philadelphia President ?Anna Paulson as co-author reaffirmed the ?importance of the central ?bank achieving its 2% ?inflation ?target.

The research, to be presented ?at the Allied ?Social Science Associations Annual Meeting in Philadelphia, ?did not ?provide ?an update on Paulson's near-term views on monetary policy.

Instead, the ?paper noted that the recent experience with high inflation had impacted short-term inflation expectations but ?not ?longer-term ones. But it also said given ?that recent experience is a strong driver of the public's inflation outlook, "this underscores the importance of ensuring that ?inflation returns all the way to target." (Reporting by Michael S. Derby; ?Editing by Kirsten Donovan)

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