Washington (CNN) Two regional Federal Reserve presidents publicly dissented Friday over this week's interest rate cuts, issuing separate statements arguing that economic conditions didn't warrant easing.

"I do not see a clear and compelling case for additional monetary accommodation at this time," said Boston Fed President Eric Rosengren in a statement. He pointed to unemployment rates near 50-year lows and inflation likely to inch higher to meet the central bank's 2% target, the level the Fed considers healthy.

The Fed's rate-setting committee voted at their July 30-31 meeting for the first cut in a decade, lowering rates a quarter-percentage point to counter uncertainty over President Donald Trump's trade wars. The move came after months of public demands by Trump for lower rates despite a booming stock market, low unemployment and strong consumer confidence.

"Incoming economic data and the outlook for economic activity over the medium term warranted no change in the policy rate," Kansas City Fed President Esther George said in her statement, adding maintaining interest rates would have been "appropriate."

Both George and Rosengren had telegraphed their dissents ahead of the meeting. The presidents of the Cleveland, Philadelphia and Richmond Fed banks have also raised concerns about easing monetary policy ahead of this week's meeting, but are not among the current set of voting members on the committee.

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