Remarks from Bowman and Waller add to growing expectations that the central bank may pivote from its “wait-and-see” approach.

Bowman is the second central banker in recent days to suggest tariffs are likely to have a temporary and muted impact on prices.

A top Federal Reserve official who resisted an aggressive cut last year said she is open to easing interest rates as soon as next month, in a sign support is building among policymakers for a looser monetary stance.