Wall Street Journal (04/09/14) Jon Hilsenrath

U.S. Federal Reserve officials are concerned that the nation’s inflation rate will not move from low levels, amid concerns among central bankers about the weakness in the global economy. The central bank had hoped that the strengthening U.S. economy would push very low inflation from 1% toward the 2% mark, but three months into the new year, there is little proof of such movement. The officials raised these concerns at the last policy-making meeting in March, and some suggested making a more explicit commitment to keep short-term interest rates pinned near zero until inflation moves upward, but the committee instead opted for a wait-and-see approach.