Here’s what you need to know:Video The Federal Reserve chair, Jerome Powell, will testify on the semiannual Monetary Policy Report to Congress before a virtual hearing of the House Financial Services Committee.CreditCredit…Pool photo by ReutersJerome H. Powell, the Federal Reserve chair, said on Wednesday that it could take years for the central bank to coax weak inflation sustainably higher and reiterated that the labor market would take time to fully heal from the pandemic downturn.Mr. Powell’s comments, delivered during testimony before the House Financial Services Committee, reinforced that the central bank would be extremely …
