
WASHINGTON, Sept 23 (Reuters) - It would be better for the Federal Reserve to stave off labor market weakness now than risk a fast rise in joblessness that may be hard to reverse, Federal Reserve vice chair for Supervision Michelle Bowman said on Tuesday.
"It's a lot easier to support the labor market by lowering the federal funds rate than it is to fix it after it's broken," Bowman said in remarks to the Kentucky Bankers Association.