How U.S. Officials Misjudged Inflation

A.M. Edition for June 15. The U.S. Federal Reserve is meeting today, with investors expecting to see one of its sharpest interest-rate increases in decades following a string of troubling inflation reports. WSJ chief economics correspondent Nick Timiraos explains what led to miscalculations over the handling of inflation and what the Fed is trying to do now. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices