The Consumer Price Index rose 3.0 percent from a year earlier as food and energy prices picked up.

Jerome H. Powell is set to testify as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s policy independence is in the spotlight.

The central bank has halted hiring to align with a White House directive and pulled back its work on climate change.

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.