P.M. Edition for May 15. The retail giant plans to raise prices this month and early this summer, when tariff-affected merchandise hits its store shelves. WSJ reporter Sarah Nassauer says its price hikes could set the tone for other U.S. retailers. And Federal Reserve Chair Jerome Powell speaks of a new strategy for the central bank, given that very low interest rates are not guaranteed. Plus, financial crime and regulation reporter Dylan Tokar follows the trail of the Chinese money-launderers depositing bags of drug cartel cash at banks around the United States. Pierre Bienaimé hosts.

Sign up for the WSJ's free What's News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices