Another top Federal Reserve official is speaking up in favor of potentially easing of interest rates when the Fed next meets July 29-30.

Fed Governor Michelle Bowman said today in a speech in Prague, “If inflation remains near its current level or continues to move closer to our target, or if the data show signs of weakening in labor market conditions, it would be appropriate to consider lowering the policy rate, moving it closer to a neutral setting.”

This openness to a rate cut is especially meaningful coming from Bowman, who was the only opposing vote to the September 2024 half-point rate cut.

Her comments follow statements made Friday by Fed Governor Christopher Waller, a current member of the Federal Open Market Committee that votes on interest rate policy, that longer-term inflation trends support a “good news” rate cut.

“I think we’ve got room to bring [rates] down, and then we can kind of see what happens with inflation,” Waller had told CNBC on Friday.

The openness for rate cuts come after the Fed left rates unchanged again last week. Federal Reserve Chairman Jerome Powell expressed uncertainty about a potential reduction, citing the impact of the tariffs and economic outlook as some reasons for holding off from any changes to the key rate.

Powell’s resistance to this change caused a flurry of criticism from President Donald Trump, who assailed him with a slate of insults on social media. Federal Housing Finance Agency Director Bill Pulte also vocally criticized Powell last week, repeatedly calling for the central banker’s resignation and sharply condemning his recent decision to not cut rates.

Bowman has been a Fed Governor since her 2018 appointment by President Trump. The full text of her Prague comments can be found here.