Federal Reserve Bank of Philadelphia
Coverage of Federal Reserve Bank of Philadelphia in the Nexus archive.
- Fed’s Paulson Keeping an ‘Open Mind’ on Interest Rates
Federal Reserve Bank of Philadelphia President Anna Paulson stated she will maintain an open mind regarding interest rate decisions, emphasizing her focus on underlying inflation trends. The comment was made in an essay published on Tuesday.
- Banks Are Approving More Credit Cards. Is That Good News?
Banks are approving more credit cards, with credit card dollar originations rising 9.6% year-over-year in Q4 2025 and median credit limits increasing by 4%. Experts suggest this trend is driven by high annual percentage rates (APRs) and advancements in underwriting technology, allowing banks to profit from higher-risk borrowers. However, carrying balances remains costly due to historically high APRs, raising concerns about consumer debt risks.