Powell: Higher inflation temporary, no rate hikes in sight

WASHINGTON — Federal Reserve Chair Jerome Powell says inflation will likely pick up in the coming months but the increase will be temporary, and won’t be enough for the Fed to alter its low-interest rate policies. Powell also said Thursday that the outlook for the economy has improved, after three months of weak job gains, but warned that the economy and job market are still far from fully recovered. As the economy reopens in the coming months with vaccines more widely distributed, many economists expect a spending boom that will stretch available supplies of goods and services. That additional spending could send prices up in some sectors of the economy.

Editor’s Note

Due to an earlier deadline of 8 p.m. throughout the pandemic, some games might not make it into the print edition of your Valley Press. Please find the following full story on our website at www. avpress.com: Women’s College Basketball — Pac-12 Tournament: UCLA vs. Washington.

LA Galaxy sign defender Derrick Williams from Blackburn

CARSON — The LA Galaxy have signed Irish international defender Derrick Williams.

The Galaxy announced the move Thursday for Williams, who made 10 appearances this season for Blackburn Rovers in England’s second division.

The 28-year-old Williams joined Blackburn in 2016, following three seasons with Bristol City. He underwent surgery on his quadriceps last December to repair an injury that was expected to sideline him for a few months, but the Galaxy said Williams has passed his medical exams and finished the mandated quarantine period.

Williams was born in Germany to two American parents, so he won’t occupy an international roster spot for the Galaxy. He plays for Ireland internationally through his mother’s heritage, and he scored his first goal for the senior team in November 2019.

Williams agreed to a two-year deal with an option year with the Galaxy, who have struggled defensively throughout the past half-decade. The fivetime MLS Cup champion franchise has made just one playoff appearance in the past four years, finishing a miserable 10th in the Western Conference last season.

Although the Galaxy have spent several months attempting — and so far failing — to secure the return of star winger Cristian Pavón from Argentina’s Boca Juniors, they have made several promising changes to their defense.

Along with Williams, LA added defender Jorge Villafaña in January in a trade with Portland and signed MLS veteran defender Oniel Fisher in February. The Galaxy also acquired English goalkeeper Jonathan Bond.