Overview

• The Federal Reserve Bank of Philadelphia has confirmed Anna Paulson as its next president, succeeding Patrick Harker at the conclusion of his term on June 30, 2025.
• Paulson will assume a rotating seat on the Federal Open Market Committee, which sets U.S. interest rate targets, starting in July 2025.
• Her appointment comes during heightened scrutiny over Federal Reserve policy, with investors debating whether she will prioritize controlling inflation or fostering economic growth.
• Paulson, who joined the Chicago Fed in 2001, has led its research team since 2019 and has an academic background at Northwestern and Princeton universities.
• President Trump recently criticized Fed Chair Jerome Powell, adding political pressure to the central bank as Paulson prepares to take on her new role.