Fed Governor Miran wants a half-point cut this month, while Waller backs another quarter

Federal Reserve Governors Stephen Miran and Christopher Waller provided conflicting views on how quickly the central bank should lower interest rates in the face of a weakening labor market and heightened geopolitical tensions.

Miran said Thursday he plans to repeat his push for a half percentage point interest rate cut when the Fed meets later this month.

In a speech delivered in New York, Waller advocated a quarter percentage point reduction at the October meeting, a position that appears more in line with the Fed consensus.

Taken together and combined with recent statements from other monetary policymakers, the rate-setting Federal Open Market Committee looks to be on a clear path to more reductions, the extent to which remains unclear.

"Based on all of the data we have on the labor