Back in December Powell hawked moving the goal posts a little and bringing inflation back into the forefront.
This after previously putting inflation on the backburner with a clear focus on jobs and the economy.
As Goldman's Lindsay Matcham points out this morning, this changed the macro landscape from being one in which the FED were cutting into a positive growth and inflation up environment, which is incredibly bullish for risk assets, to one in which the FED may be delaying their cutting cycle with sticky inflation in mind.
