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Edward Levins

Edward 'Buck' Levins

FOXBOROUGH, Mass.— Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that while inflation is moving closer to the Fed’s 2% target, growing fragility in the labor market poses a rising risk that policymakers must address proactively—an outlook that could shape interest-rate decisions and regulatory priorities.

NEW YORK—Fintech Bilt moved quickly into the national debate over credit card pricing this week, unveiling three new credit cards that cap interest rates at 10% for the first year on new purchases—an announcement that follows President Trump’s call for a nationwide 10% ceiling on credit card APRs.