by Rich Miller, Christopher Condon and Matthew Boesler
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Federal Reserve Chairman Jerome Powell signaled that the central bank would pull out the stops to combat a global disinflationary downdraft, foreshadowing a potential shift toward an easier monetary policy over time.Speaking to reporters on Wednesday after the Fed left its benchmark interest rate unchanged, Powell said he is intent on evading the downward spiral in inflation and inflation expectations that’s bedeviled other countries.
“We have seen this dynamic play out in other economies around the world, and we are determined to avoid it here in the U.S.,” he said.