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Federal Reserve Board of Governors member Christopher Waller poses on May 23, 2022, in Washington. Waller said Thursday, July 14 2022, that he would be open to supporting a huge 1 percentage point increase in the Fed's key short-term interest rate later this month if upcoming economic data points to robust consumer spending. (AP Photo/Patrick Semansky, File)

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FILE - In this Feb. 13, 2020 file photo, President Donald Trump's nominee to the Federal Reserve, Judy Shelton, appears before the Senate Banking Committee for a confirmation hearing, on Capitol Hill in Washington. In a shift, the Senate Banking Committee is likely to back President Donald Trump's unconventional nomination of Shelton for the Federal Reserve's Board of Governors in a party-line vote Tuesday, July 21. (AP Photo/J. Scott Applewhite, File)

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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. President Donald Trump says on Twitter he will nominate economists Christopher Waller and Judy Shelton to fill two vacancies on the Federal Reserve Board of Governors. (AP Photo/Andrew Harnik, File)

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