Federal Reserve Chair Jerome Powell will appear in Congress on Tuesday to provide lawmakers an update on an economy still reeling from the pandemic but perhaps poised to take off later this year if the U.S. vaccination program hits its stride. The hearing before the Senate Banking Committee, one of the Fed chief’s mandated twice-a-year appearances on Capitol Hill, is scheduled to begin at 10 a.m. EST (1400 GMT) and will be Powell’s first since Democrats won the White House and control of both chambers of Congress. It is likely to focus on the tension between a pandemic that has claimed more than half a million U.S. ... (full story)