Fed’s Bowman: Concerned about labor market fragility

Posted on by newsflashtom
Fed’s Bowman: Concerned about labor market fragility

Federal Reserve (Fed) Vice Chair Michelle Bowman said that, given the risks, the Fed should not signal a pause in its rate-cutting campaign, in a speech at the New England Economic Forum in Foxborough, Massachusetts, on Friday.

Key takeaways

Given risks, Fed should not signal a pause in rate-cutting campaign.

US Central Bank should stand ready to cut interest rates again given labor market risks.

Risk to Fed’s mandates is asymmetric, with job risks outweighing inflation concerns.

Monetary policy is moderately restrictive right now.

A detailed shot of an adult male preparing a bow and arrow for archery outdoors.
Photo: RDNE Stock project / Pexels

Inflation pressures are easing as tariff influences abate.

Fed policymaking should be forward looking and driven by forecasts.

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Given risks, Fed policy should be focused on supporting job market.

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Fed expects ‘solid’ growth, lower inflation and stabilizing job market.

Firms may start shedding workers unless there is demand improvement.

Concerned about labor market fragility.

Underlying inflation levels closer to Fed’s 2% target.

Asian man practicing archery with a recurve bow outdoors on a sunny day, focused and aiming.
Photo: RDNE Stock project / Pexels

Fed has made considerable progress in lowering inflation.

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Wage growth consistent with 2% inflation.

US economy has been resilient.”

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US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.04% -0.06% -0.36% 0.08% 0.23% -0.23% -0.13%
EUR -0.04% -0.11% -0.42% 0.04% 0.19% -0.26% -0.17%
GBP 0.06% 0.11% -0.30% 0.15% 0.30% -0.15% -0.06%
JPY 0.36% 0.42% 0.30% 0.48% 0.60% 0.14% 0.24%
CAD -0.08% -0.04% -0.15% -0.48% 0.13% -0.33% -0.22%
AUD -0.23% -0.19% -0.30% -0.60% -0.13% -0.45% -0.35%
NZD 0.23% 0.26% 0.15% -0.14% 0.33% 0.45% 0.10%
CHF 0.13% 0.17% 0.06% -0.24% 0.22% 0.35% -0.10%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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AdvertisementDon't Outlive Your Benefits — Long-Term Care insurance with unlimited LTC funds for as long as you live. Call 1-800-317-0625
AdvertisementDon't Outlive Your Benefits — Long-Term Care insurance with unlimited LTC funds for as long as you live. Call 1-800-317-0625