Fed’s Bowman sees risks to job market, says Fed 'should be ready' to cut rates

Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that the central bank should be ready to cut interest rates further, citing "signs of fragility" in the job market. “Absent a clear and sustained improvement in labor market conditions, we should remain ready to adjust policy to bring it closer to neutral,” Bowman said in a speech at the New England Economic Forum in Foxborough, Mass. “We should also avoid signaling that we will pause without identifying that conditions have changed.” ...