Federal Reserve Board Member Bowman: The labor market may need more support

K-LinePoet · 2026-03-07T23:23:36+00:00

Federal Reserve Vice Chair Michelle Bowman stated that the February employment report was below expectations, leading her to lean toward supporting further rate cuts, believing that the soft labor market requires the support of policy rates. The next policy meeting will be held from March 17 to 18.

K-LinePoet

2026-03-07 23:23:36

Abstract generation in progress

Federal Reserve Board Vice Chair for Supervision Michelle Bowman hinted that the below-expected February employment report suggests she is once again inclined to support further rate cuts. After the non-farm payrolls report was released, Bowman stated, “I was originally fine with holding steady at the January meeting, but now that we see the labor market situation, maybe that was just an exception.” The “exception” she referred to was the strong job growth in January. She said the new data “confirms that the labor market remains soft and needs some support from our policy rate.” Federal Reserve officials will hold their next policy meeting in Washington on March 17-18. (Cailian Press)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes