Paper co-authored by Fed's Paulson doesn't discuss near-term rate policy

Jan 3 (Reuters) - A paper released on Saturday counting Federal Reserve Bank of Philadelphia President Anna Paulson as co-author reaffirmed the importance of the central bank achieving its 2% inflation target.

The research, to be presented at the Allied Social Science Associations Annual Meeting in Philadelphia, did not provide an update on Paulson’s near-term views on monetary policy.

Instead, the paper noted that the recent experience with high inflation had impacted short-term inflation expectations but not longer-term ones. But it also said given that recent experience is a strong driver of the public’s inflation outlook, “this underscores the importance of ensuring that inflation returns all the way to target.”