Fed's Powell says decades-long trend of weak inflation likely won't change from new stimulus - at least not immediately

Business Insider
Feb 23, 2021, 1:16 pm129 pts
Jerome Powell. Getty Images / Tasos Katopodis Reopening and new stimulus will likely lift inflation later in 2021, Fed Chair Jerome Powell said. Still, the uptick will likely be small and only temporary, he added in a Tuesday Senate hearing. Powell said he expects the tendency for inflation to come in below the…

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