Daily Business BriefingJuly 14, 2021Updated July 14, 2021, 12:34 p.m. ETJuly 14, 2021, 12:34 p.m. ETVideo Jerome H. Powell, the Federal Reserve chair, testifies before the House. He is likely to say that inflation has increased “notably” and is poised to remain higher in coming months before moderating.CreditCredit…Pool photo by Al DragoJerome H. Powell, the Federal Reserve chair, told House lawmakers that inflation has increased “notably” and is poised to remain higher in coming months before moderating — but he gave no indication that the recent jump in prices is pushing central bankers to rush to change policy.The Fed chair attributed high inflation …
