Federal Reserve Governor Bowman: The labor market may need more support

After the release of the non-farm payroll report, Bowman stated, "I originally had no objection to holding steady at the January meeting, but now that we see the situation in the labor market, perhaps that was just an exception." The "exception" she referred to was the strong job growth in January. She said the new data "confirms the continued weakness in the labor market, which requires some support from our policy rates." Federal Reserve officials will hold their next policy meeting in Washington on March 17-18. (Fox Business News)