Jerome Powell, chairman of the U.S. Federal Reserve, is reflected in a table while signing an appointment affidavit after taking the oath of office as chairman of the Board of Governors of the Federal Reserve in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)  

Powell’s Message Wasn’t Necessarily About Rates

(Bloomberg Opinion) -- Seconds after Federal Reserve Chairman Jerome Powell’s speech was released on Wednesday, the market surged, apparently pleased by his comment that interest rates are “just be...