"It is a problem in the United Kingdom, in Germany, in Japan," said Diane Swonk, chief economist at DS Economics. "Nobody knows where inflation is going."
A puzzle for central bankers: Solid growth but low inflation →
"Yellen wants to run a high-pressure economy by overshooting inflation and pushing the unemployment rate lower," said Diane Swonk, chief economist at DS Economics. "She wants to hedge against another recession."
Fed is widely expected to leave key interest rate unchanged →