Fed's Bowman reiterates economic risks on the job market front

NEW YORK, Sept 26 (Reuters) - Federal Reserve Vice-chair for Supervision Michelle Bowman said Friday the U.S. central bank is near to achieving its 2% inflation target amid rising job market risks.

When it comes to the inflation target “I think we are in range of that,” while “the risks to the labor market are strong in my mind,” Bowman said at a gathering of the Forecasters Club of New York. She also said she was unsure at what level the central bank interest rate target would be at a neutral level, but added she believes the neutral monetary policy rate is higher now relative to where it was before the COVID-19 pandemic.