Still, at this point it doesn’t seem like financial markets are (or should be) unduly concerned about what might keep Powell up at night. Ultimately, for now inflation might remain a concern, but it is not one that is going to sway the core of the committee from their chosen path. And that, ultimately, provides another solid backdrop for financial markets. It is small wonder that the S&P 500 staged a solid rally after the Powell headlines hit the tape -- after all, it’s Friday -- equity investors’ favorite day of the week this year.