By Ann Saphir(Reuters) -U.S. Federal Reserve Governor Michelle Bowman on Tuesday reiterated her view that holding the coverage price regular “for a while” will in all probability be sufficient to deliver inflation beneath management, but in addition repeated her willingness to boost borrowing prices if wanted.”Inflation within the U.S. stays elevated, and I nonetheless see various upside inflation dangers that have an effect on my outlook,” Bowman stated in remarks ready for supply in London.Throughout a query and reply session following her speech, Bowman concurred when requested to verify she had not penciled in any discount in borrowing prices for the remainder of this 12 months.”Sure, that’s nonetheless my view. I’ve not written in additional price cuts in my assertion of financial projections for the majority of this 12 months,” Bowman stated, referring to the forecasts Fed officers every anonymously gave on the central financial institution’s newest coverage assembly earlier this month.”I’ve shifted these into future years … proper now with the uncertainty of the financial outlook and what the info is telling us, we’re in a very good place proper now to know how which may evolve.”Provide-chain enhancements and a surge in labor provide from immigration, each of which helped push down inflation final 12 months, are unlikely to proceed, she stated. Regional conflicts may put upward stress on vitality and meals costs; looser monetary situations or fiscal stimulus may stoke inflation as nicely, she stated.Immigrants’ housing wants, together with continued labor-market tightness, may additionally push up on costs, she stated.”Ought to the incoming knowledge point out that inflation is shifting sustainably towards our 2% purpose, it is going to finally turn into acceptable to progressively decrease the federal funds price to stop financial coverage from turning into overly restrictive,” she stated.Nonetheless, Bowman stated, the economic system is “not but” at that time, including that she’s going to “stay cautious” in her method to financial coverage, and predicted that central banks in different international locations could loosen coverage sooner or extra rapidly than the Fed.Bowman is without doubt one of the Fed’s most hawkish voices, and her remarks on Tuesday had been no exception.The Fed earlier this month stored the coverage price within the 5.25%-5.5% vary the place it has remained since final July. Recent projections confirmed no Fed policymaker anticipated to boost charges from right here, and their median prediction was for only one price lower earlier than the top of the 12 months.”Trying forward, I might be carefully watching the incoming knowledge as I assess whether or not financial coverage within the U.S. is sufficiently restrictive to deliver inflation right down to our 2% purpose over time,” Bowman stated.Story continuesSo far this 12 months there was simply “modest additional progress” on inflation, she stated. “I anticipate inflation to stay elevated for a while.”(Reporting by Ann Saphir; Extra reporting by Lindsay DunsmuirEditing by Matthew Lewis and Tomasz Janowski)