Federal Reserve Board Chairman Jerome Powell testifies during a hearing on "The Semiannual Monetary Policy Report to the Congress," in front of the Senate Banking, Housing and Urban Affairs Committee in the Dirksen Senate Office Building on February 12, 2020 in Washington, DC. Sarah Silbiger/Getty Images The 10-year yield jumped past 1.5% on Thursday after Fed chief Powell said the central bank will be "patient" in dealing with rising inflation.