Christopher Waller, who serves on the Federal Reserve’s Board of Governors, said Friday the central bank should deliver interest rate cuts as soon as July, echoing President Donald Trump’s demands for lower borrowing costs.

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

The close split at the U.S. Federal Reserve over whether to hedge more against inflation risks or move forward faster with rate cuts came through on Friday in the first public comments from policymakers following a decision this week to hold borrowing costs steady for now.