Internet reports that Federal Reserve Coogler said the latest data shows that progress towards the 2% inflation target may have stalled. Given the stability of economic activity and employment, it is supported to maintain current policy rates unchanged as long as upward risks to inflation persist. Inflation expectations are rising and there are upside risks (to inflation) from upcoming policy changes. I am gratified that the rise in long-term inflation expectations has so far been small. Given recent high inflation, consumer expectations may be more sensitive to further price increases. Labor market indicators show a continued slowdown, but will not weaken significantly.