⭕Two officials from the Federal Reserve, who voted against keeping the interest rate steady this week, claim that the central bank is making a mistake by hesitating to ease monetary policy in light of the increasing threats facing the labor market.

⭕In separate statements, both Christopher Waller and Michelle Bowman discussed their reasons for the objection (this is the first time two Federal Reserve governors have objected since 1993).

⬅️According to Waller: The wait-and-see approach is characterized by excessive caution and does not adequately balance the risks facing the outlook.

⬅️According to Bowman: I see a risk that delaying action could lead to a deterioration in the labor market and further slowdown in economic growth.