Fed’s Paulson: Gradual Policy Tightening Seems Appropriate

The split between Paulson's preference for gradualism and Goolsbee's framing of a genuine inflation problem signals an internal Fed debate over how fast to move, which matters more for risk assets than either comment alone. The divergence in Asian equities — ChiNext higher while Hang Seng and Hang Seng Tech fell — suggests the reaction is uneven rather than a single risk-off wave. Whether that policy split hardens into a clearer direction, and whether it shows up in how rate-sensitive tech names trade, is the open question worth watching.