Here’s what you need to know: Jerome Powell, the chair of the Federal Reserve, at a press conference in January 2020, just before the coronavirus pandemic struck the American economy.Credit…Mandel Ngan/Agence France-Presse — Getty ImagesThe Federal Reserve is staring down a challenge that would have been all but unthinkable a year ago: With its policies set on emergency mode to bolster growth in the face of the pandemic’s shock, it must now navigate an economy that is expected to strengthen rapidly in the coming months.Officials will release an interest rate policy decision and their first economic …
