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 central bank meets later this month.

In a speech delivered in New York, Waller advocated a quarter-percentage-point reduction at the meeting later this month, 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

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