The Federal Reserve is worried that even as the economy continues to do well, inflation is running cold. So what, if anything, should the central bank be doing about its dilemma? For now, the Fed is sitting on its hands. Its policy-setting committee left interest rates unchanged at the end of its two-day meeting Wednesday, and it reiterated its pledge “to be patient” on adjusting rates in the future—a signal it will likely stay on hold when it next convenes in June.

Source: Wall Street Journal May 01, 2019 19:11 UTC