Federal Reserve Vice Chair for Supervision Michelle Bowman warns of “signs of fragility” in the job market, advocating for potential interest rate cuts. She highlights the decline in job openings and softness in hiring, predicting a rise in unemployment. Bowman emphasizes the need to stabilize and support labor market conditions to prevent further deterioration. Despite concerns about a potential stock market pullback, she expects the economy to continue expanding at a solid pace. While rates are closer to neutral, she sees policy as moderately restrictive and stresses the importance of assessing the path of policy moving forward.

Read more at Yahoo Finance: Fed’s Bowman sees risks to job market, says Fed ‘should be ready’ to cut rates