Federal Reserve Governors Christopher Waller and Michelle Bowman, who voted this week against keeping a key interest rate locked in place, said Friday they believe the central bank is making a mistake with its wait-and-see decision, considering rising threats to the nation’s labor market.

Waller and Bowman, both appointees of President Donald Trump, said they are calling for a reduction of a quarter point in the interest rates, as they think tariffs that the president is imposing will only impact inflation temporarily, reports CNBC.

The rate-setting Federal Open Market Committee has kept the key interest rate on hold since December, and Waller and Bowman, in separate statements, said that is posing risks to the national economy.

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