Economics
Powell, Lagarde Renew Assurances on Inflation Surge as Temporary
- Central bank chiefs speak Wednesday on panel at ECB event
- Powell says U.S. avoided ‘underdoing it’ in response to crisis
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Federal Reserve Chair Jerome Powell and his counterparts at the European Central Bank, Bank of Japan and Bank of England voiced cautious optimism Wednesday that supply-chain disruptions lifting inflation rates around the world would ultimately prove temporary.