Bowman wants Fed ready to cut rates over job market

 Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday that monetary policy was still "moderately restrictive" and that officials should be ready to cut interest rates further unless the "fragile" job market improves.

"Absent a clear and sustained improvement in labour-market conditions, we should remain ready to adjust policy to bring it closer to neutral," Bowman added. "We should also avoid signalling that we will pause without identifying that conditions have changed. Doing so will indicate that we are not attentive or responsive to the recent and expected path of the labour market."

Bowman added that inflation pressures were easing, helped by a waning impact from tariffs. Fed policymakers last month cut their benchmark interest rate by a quarter percentage point for the third consecutive time, after holding rates steady through much of 2025.

https://breakingthenews.net/Article/Bowman-wants-Fed-ready-to-cut-rates-over-job-market/65496986