Powell Speaks and Many Knee-Jerks Fade

3:09 p.m. ET As suspected, Powell is taking an optimistic tone and walking back some of the knee jerk reactions (like in stocks and the U.S. Dollar, but not so much rates). Of course, as noted, volatility has been kept in check, and that’s expected. SP-500 +1.1%, Dow +0.45% (Transports +4.25%), NASDAQ-100 +2.15%, Small Caps…