Fed's Bowman Warns of Fragile Job Market, Urges Readiness for Rate Cuts
Federal Reserve Vice Chair Michelle Bowman said the fragile job market may weaken, requiring readiness to cut rates if needed, while noting inflation risks are uneven.
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Federal Reserve Vice Chair Michelle Bowman said the fragile job market may weaken, requiring readiness to cut rates if needed, while noting inflation risks are uneven.
Federal Reserve Vice Chair Michelle Bowman said the central bank should be prepared to cut interest rates further, citing signs of fragility in the labor market and warning that layoffs could rise quickly.