Christopher J. Waller, who was appointed by President Trump, said the central bank should not wait for the labor market to weaken.

The central bank signals little urgency to cut interest rates despite demands from President Trump for lower borrowing costs.

The central banker said he and his colleagues should move slowly but start to ease as inflation is now longer a major threat.

Christopher J. Waller, who was appointed by President Trump, said the central bank should not wait for the labor market to weaken.

Comments from two officials, both appointed by President Trump, suggest a split among policymakers.