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

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.

Because tariff effects may be smaller than expected

The Fed chair will tell lawmakers that the central bank can wait to see how President Trump’s tariffs affect the economy before lowering borrowing costs.