Powell the Volatility Dampener...But for How Long?

Covering risk-off bets was the right idea ahead of Powell but now that he's finished, and financial conditions have eased, he will soon have to hawk it up again to bring inflation down. But when?

I had taken back a bit of my bearish positioning into today’s Fed meeting as some of my risk-off capitulation signals were shouting loud (mentioned in a prior post) and also because I know that the F…