A post by @FirstSquawk on X.

Philadelphia Fed President Paulson said monetary policy must remain somewhat tight and that the central bank has “more work to do” to bring inflation down. The remarks signal that policymakers are not ready to declare victory on inflation even as the Fed weighs the timing of rate cuts. Her comments matter because they push back against market expectations for aggressive easing and could keep upward pressure on Treasury yields and the dollar. Investors will watch upcoming inflation and labor data, along with other Fed officials’ remarks, for confirmation of how long rates stay restrictive.