Bowman Urges Readiness to Cut Rates Amid Fragile Jobs Market
TL;DR Summary
Federal Reserve Vice Chair for Supervision Michelle Bowman said policy remains moderately restrictive and officials should be prepared to lower rates further unless the labor market improves; she urged the Fed not to signal a pause and to keep policy near neutral as inflation cools, noting the central bank already trimmed rates by 25 basis points last month amid slower job growth and a 4.4% unemployment rate ahead of the January meeting.
Topics:business#economics#federal-reserve#inflation#interest-rates#labor-market#monetary-policy#note-only-first-five-used
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