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Wall Street regains footing after Powell calms inflation jitters By Devik Jain and Shreyashi Sanyal Reuters (Reuters) - Wall Street s main indexes gained ground on Wednesday as a selloff in technology-related stocks eased and a rotation into cyclical shares continued after Federal Reserve Chair Jerome Powell s comments soothed inflation worries. Powell told lawmakers it may take more than three years to reach the central bank s inflation goals, a further signal the Fed plans to look beyond any post-pandemic spike in prices and leave interest rates unchanged for a long time to come. The Nasdaq index regained footing by early afternoon trading after falling as much as 1.3%, while the Dow Jones Industrial Average hit a record high.

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