Recap of Fed Chair Powell's prepared testimony to Congress

The post on Federal Reserve System Chair Powell's pre-releed prepared testonty is here:

• Fed's Powell: Inflation has picked up noticeably, job gains should pick up in months ahead

Powell is testifying before Congress, at the Select Subcommittee on Coronavirus Crisis, U.S. House of Representatives on Tuesday US time.

For a recap of his remarks (which are not overly interesting, I suspect his Q&A will be of more interest when it comes tomorrow) is here at CNBC if you are interested:

• Powell said price pressures have increased “notably,” but repeated his belief that after special factors ease, inflation will drift back to the Fed’s longer-term 2% target.