This is a very special time for those who believe that if you’ve been good all year, a benevolent snowy-haired man will appear laden with gifts. He’s writing a list, he’s checking it twice (subject to data protection requirements). Yes, Jay Powell is coming to town.

Yet again, markets are in the grip of excitement about the prospect that the Federal Reserve chairman will finally deliver the change of heart that investors have yearned for throughout 2022.

Financial Times