Atlanta Federal Reserve President Raphael Bostic recently expressed his willingness to support a further 50 basis point cut in interest rates if economic data reveals unexpected deterioration in the crucial labor market. Despite the central bank having lowered interest rates by 50 basis points last week to help stave off an economic downturn amid the ongoing pandemic, Bostic highlights the importance of reacting flexibly to evolving economic conditions. "If we see a significant weakening in the labor market, then I think there's room for us to do more," said Bostic, who serves as a voting member on the Fed's monetary policy-setting committee. "I would support doing something more at the next meeting if we see a significant sign of weakness." Bostic's comments underscore the growing concern among policymakers about the potential economic fallout from the coronavirus pandemic. With the labor market showing signs of weakness, a bolder response may be necessary to stimulate economic activity and protect jobs.