{
  "id": 19431458,
  "title": "Fed’s Paulson calls for gradual rate hikes amid ongoing high inflation",
  "url": "https://urgent.news/2026/11/11/feds-paulson-calls-for-gradual-rate-hikes-amid-ongoing-high-inflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T01:27:12.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/banking-finance/feds-paulson-calls-gradual-rate-hikes-amid-ongoing-high-inflation"
  },
  "original_language": "en",
  "account": "Federal Reserve Bank of Philadelphia President Anna Paulson has urged the central bank to gradually raise interest rates amid high inflation levels. In her speech for the 81st Annual Field Meeting Capstone gathering in Conshohocken, Pennsylvania, Paulson stated that additional interest rate increases are on the horizon to bring down elevated inflation. She emphasized that gradual rate hikes allow the economy to adjust to higher borrowing costs while giving Fed officials time to assess the impact of their policy decisions. Paulson remains convinced that monetary policy should be somewhat restrictive to return inflation to the 2 percent target, noting that price pressures have surpassed the Fed's goal for over half a decade. Even though underlying inflation pressures are between 2.5 percent and 3 percent, she believes combating inflation remains the main priority, especially in an economy displaying unexpected strength and stable job market. The recent consumer price index data showed a wider-than-expected rise in October, with the overall consumer price index increasing by 0.4 percent, indicating ongoing inflationary pressures driven by tariffs, energy prices, and AI investment.",
  "summary": "Futures markets are pricing in strong odds of a quarter percentage point interest rate increase in December",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "WSJ Economy",
        "title": "Fed’s Paulson Urges Gradual Approach to Rate Hikes",
        "url": "https://urgent.news/2026/11/10/feds-paulson-urges-gradual-approach-to-rate-hikes",
        "published": "2026-11-10T23:58:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Fed’s Paulson says more, gradual rate hikes needed to curb inflation",
        "url": "https://urgent.news/2026/11/11/feds-paulson-says-more-gradual-rate-hikes-needed-to-curb-inflation",
        "published": "2026-11-11T01:57:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}