Fed’s Bowman Says FOMC Needs to Act Decisively to Support Jobs

Federal Reserve Governor Michelle Bowman said policymakers are in danger of falling behind the curve and need to act decisively to bring down interest rates as the labor market weakens.

Bowman, who was appointed to the Fed by President Donald Trump and is the central bank’s top bank regulator, also warned the Federal Open Market Committee may need to lower rates more quickly in the months ahead.

“Now that we have seen many months of deteriorating labor market conditions, it is time for the committee to act decisively and proactively to address decreasing labor market dynamism and emerging signs of ...