Odaily Planet Daily News: Federal Reserve's Kugler said that the latest data shows that the progress towards the 2% inflation target may have stalled. Given the stability of economic activity and employment, as long as the risk of upward inflation persists, we support maintaining the current policy interest rate unchanged. Inflation expectations are rising, and there is an upward risk of upcoming policy changes (on inflation). It is gratifying that the increase in long-term inflation expectations has been minimal so far. Given the recent high inflation, consumer expectations may be more sensitive to further price increases. Labor market indicators show a sustained slowdown, but will not significantly weaken. (Golden Ten)
