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BlockBeats News, October 14 — On October 14, 2026 FOMC voting member and President of the Federal Reserve Bank of Philadelphia, Anna Paulson, spoke for the first time at the National Association for Business Economics conference, explicitly expressing support for two more rate cuts this year. She advocated that policy-making should "look through" short-term price fluctuations caused by tariffs. She pointed out that tariff-induced inflation is not sustainable, and monetary policy should focus on core inflation and structural changes in the labor market. These remarks send a clear dovish signal, suggesting that there is still room for consensus within the Federal Reserve regarding the pace of easing this year. On the macro level, Paulson's comments echo recent data showing rising unemployment rates, indicating that policymakers are beginning to pay attention to the potential risks of economic slowdown and weakening employment momentum. She mentioned that economic growth is increasingly dependent on high-income groups and the stock market effect driven by AI assets, suggesting that the structure of the US recovery is facing risks of imbalance. Meanwhile, IMF Managing Director Kristalina Georgieva also warned of rising global debt and financial risks, emphasizing the need for more credible debt assessment mechanisms to support policy coordination. Bitunix analyst's view: Paulson's "look through tariffs" perspective means that the Federal Reserve will be more inclined to observe medium-term inflation stickiness and real demand elasticity, rather than being constrained by short-term price fluctuations. This shift may be a prelude to a new round of policy framework adjustments, symbolizing the Fed's attempt to redefine the balance between "rate cut momentum" and "financial stability." The market should pay close attention to subtle signals regarding changes in policy pace and tone before the end of the year.