Anna Paulson to Lead Philadelphia Fed Starting July 1

Anna Paulson, currently head of research at the Chicago Federal Reserve, has been appointed as the next president of the Federal Reserve Bank of Philadelphia, taking office on July 1, 2025, after Patrick Harker's retirement following ten years in the role. Paulson becomes the first woman to lead the Philadelphia Fed and brings over two decades of experience at the Chicago Fed, with a background in monetary policy, financial markets, and economic crises. Her appointment comes during heightened economic uncertainty driven by rising tariffs and political tensions, including criticism from former President Donald Trump. Investors are closely watching Paulson’s stance on interest rates as she is expected to maintain the Philadelphia Fed’s centrist reputation in policy deliberations. Paulson is also recognized for her academic and policy analysis credentials. She remains committed to the Fed’s dual mandate of price stability and maximum employment.