The only thing Jay Powell could have done to deliver a stronger impression of a festive giveaway to global markets this week would have been to conduct his press conference decked in an oversized red suit with fluffy white trimmings and a matching hat.
The public appearance by the chair of the US Federal Reserve on Wednesday was a big opportunity to use the central banker Jedi mind tricks we all know and love to hint to investors that they have read the situation all wrong.
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