Inflation and recession loom over Fed Chair Powell’s trip to Congress

Fed Chair Jerome Powell told the Senate Banking Committee on Wednesday that recession is possible, and he’s expected to testify before the House Financial Services Committee today as part of his twice-a-year report to Congress on monetary policy. The Oscar-nominated documentary “Ascension” examines the concept of the Chinese dream through the lens of several people woven into its shifting economy. China correspondent Jennifer Pak discusses how Chinese society is actively manifesting that dream. Your donation powers the journalism you rely on. Give today to support Marketplace Morning Report.