WASHINGTON -- The U.S. economy shows signs of slowing to a more moderate growth rate in the months ahead, but Federal Reserve officials are not ruling out another dose of credit tightening to keep inflation in check, said Fed Board Governor John LaWare.

In an interview that took place in his office on Tuesday afternoon, LaWare said he is confident that the central bank's four moves this year to raise short-term rates to 4.5% from 3% will act as a damper on the economy.

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