Fed's Bowman says decisive rate cuts needed to offset labor market risks

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Vice Chair for Supervision Michelle Bowman reiterated on Friday that she believes decisive interest rate cuts are needed to ward off rising trouble in the job market. “Recent data show a materially more fragile labor market along with inflation that, excluding tariffs, has continued to hover not far above our target,” Bowman said in the text of a speech delivered before a gathering of the Forecasters Club of New York. Citing many months’ worth of ...