[Fed Voter Anna Paulson Says Rate Cuts May Be Possible Later This Year] On January 5, 2026, Federal Reserve voter and Philadelphia Fed President Anna Paulson stated that if the economic outlook remains favorable, a moderate rate cut later in 2026 could be appropriate. She expects inflation to ease, the labor market to stabilize, and the economic growth rate to be around 2%. Additionally, she noted that risks in the labor market remain relatively high, with the pace of demand slowdown exceeding the supply contraction caused by the Trump administration's immigration crackdown, but the labor market has not collapsed.