Fed's Kugler says inflation progress may have stalled, backs steady rate policy

Progress towards the U.S. central bank's 2% inflation target has slowed recently and may have stalled, Federal Reserve Governor Adriana Kugler said on Wednesday, a reason to keep interest rates where they are.
"Recent disinflation has been slower, and the latest data indicate that progress toward the Federal Open Market Committee's 2% goal may have stalled...