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Oct 2 - Federal Reserve Governor Michelle Bowman on Monday said she remains willing to support another increase in the central bank's policy interest rate at a future meeting if incoming data shows progress on inflation is stalling or proceeding too slowly.
"I remain willing to support raising the federal funds rate at a future meeting if the incoming data indicates that progress on inflation has stalled or is too slow to bring inflation to 2% in a timely way," Bowman said. "I see a continued risk that high energy prices could reverse some of the progress we have seen on inflation in recent months," said Bowman, who has emerged as among the most hawkish members of the rate-setting Federal Open Market Committee.
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