Inflation is among the most powerful forces in financial markets, but too much or too little can send the economy spiraling. Here's how it works, and how the Fed works to regulate it. Photo composite: Dom Amatore for The Wall Street JournalWASHINGTON—Federal Reserve officials were broadly comfortable with their make-no-moves posture on interest rates at their April 30-May 1 policy meeting. Many officials at the meeting said they expected a recent soft patch in inflation would be temporary, according to minutes released Wednesday. But several raised concerns about the implications for the economy if price pressures continued to defy expectations by holding at lower levels.

Source: Wall Street Journal May 22, 2019 18:03 UTC