[Federal Reserve's Paulson: Concerns about labor market weakness still slightly outweigh concerns about inflationary risks] BlockBeats News, December 12, Philadelphia Fed President Paulson stated that her primary focus is on the condition of the labor market, and the current monetary policy stance should help bring inflation back to the 2% target. Paulson said: 'At present, my concerns about labor market weakness still slightly outweigh my concerns about inflationary risks. I believe that as the impact of tariffs gradually fades next year, there is a significant likelihood that inflation will gradually decline.' Paulson emphasized: 'I still believe that monetary policy is in a somewhat restrictive state.' This level of interest rates, combined with the cumulative effects of past tightening policies, should help inflation return to the 2% target. Paulson described the current labor market as 'bending but not breaking,' and noted that 'the cumulative 75 basis points of rate cuts over the past three instances have provided some insurance against further deterioration in the labor market.' (Jin10)