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Powell Says Pandemic Could Alter Inflation Dynamics

Federal Reserve Chairman Jerome Powell mentioned the pandemic had disrupted the economic system in ways in which might fuel more inflation or volatility in value pressures that might complicate how central banks handle financial progress.

“The economy is being driven by very different forces. What we don’t know is whether we’ll be going back to something that looks like, or a little bit like, what we had before,” he mentioned throughout a moderated dialogue Wednesday on the European Central Bank’s annual financial coverage convention in Portugal.

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