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UPDATE 1-Why Fed’s Powell still thinks high inflation is ‘temporary’

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UPDATE 1-Why Fed’s Powell still thinks high inflation is ‘temporary’

(Adds context, reaction, details on average inflation target) 
  By Ann Saphir 
  Aug 27 (Reuters) – Federal Reserve Chair Jerome Powell on Friday pushed back against concerns that swiftly rising prices could become an enduring feature of the economy, forcing…

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