Philadelphia Federal Reserve President Paulson believes that the risks in the labor market are greater than the risks of inflation

Philadelphia Federal Reserve President Paulson expects inflation to cool down next year, but she warns of further downside risks in the labor market. Paulson described the labor market as "under pressure but not collapsing," and stated that downside risks are increasing, with overall hiring remaining weak. She believes that the recent easing measures by the Federal Reserve will provide some buffer for the job market, and it is particularly important for the Federal Reserve to maintain credibility when assessing new dynamics such as tariffs and artificial intelligence