Group 1 - Federal Reserve official Michelle Bowman supports three interest rate cuts in 2025, citing weak labor market data as a reinforcement of her stance [1] - Bowman urges other central bank policymakers to begin rate cuts at the upcoming September meeting to prevent further deterioration of the labor market [1] - The July non-farm payroll report showed an increase of 73,000 jobs, with previous months' data revised down by nearly 260,000, and the unemployment rate rose from 4.1% to 4.2% [2] Group 2 - Bowman will host a community bank meeting on October 9 to discuss potential reforms to the capital framework for these banks [3] - Concerns have been raised about the competitive landscape for community banks, which have been losing market share to larger banks [3] - Bowman emphasizes the importance of community banks as foundational to the banking and financial system, providing support to local communities and customers [3]