Diane Swonk, chief economist at KPMG, sees a “creep instead of a surge” in inflation. Things are uneasy below the surface.

The stock market continues to do well and GDP growth is strong, while nearly every other measure of economic activity has stagnated or is in deep decline. Why?

Mary Daly, president of the Federal Reserve Bank of San Francisco, on the factors shaping the U.S. economy right now, whether ...