The US central bank should preemptively address worsening labor market conditions by lowering interest rates, a top Federal Reserve official said Tuesday, warning that policymakers risk running "behind the curve."

The Fed's rate-setting committee should "act decisively and proactively to address decreasing labor market dynamism and emerging signs of fragility," Fed Vice Chair for Supervision Michelle Bowman told a convention in North Carolina.

The world's biggest economy has seen months of deteriorating labor market conditions.

"Should these conditions continue, I am concerned that we will need to adjust policy at a faster pace and to a larger degree going forward," Bowman said.

While Bowman supported the Fed's call to cut interest rates by 25 basis points last week, she was among two

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