ISTANBUL Michelle Bowman, deputy chair for Supervision at the Fed, and Christopher Waller, board member, cited growing concerns about the labor market as the reason for voting to cut interest rates at this week's meeting. According to the Fed on Friday, Bowman and Waller explained their opposition in separate statements to the Fed's decision to hold the policy rate steady at the Federal Open Market Committee (FOMC) meeting held on July 29-30. Bowman stated that, given the slowdown in economic