Philadelphia Fed President Anna Paulson has called for additional interest rate cuts, highlighting growing risks in the labor market and stable long-term inflation expectations. Speaking at the National Association for Business Economics, Paulson's dovish stance suggests potential benefits for U.S. equities and the cryptocurrency market, including Bitcoin and Ethereum. She emphasized that labor market momentum is deteriorating, which could lead to increased liquidity in crypto assets as investors seek higher returns.
Philadelphia Fed's Anna Paulson Advocates for Rate Cuts Amid Labor Market Concerns
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