Bowman Urges Readiness to Cut Rates Amid Fragile Jobs Market
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.