Fed Chair Jerome Powell's admission that a single data-point forced the Fed to change tack and front-load rate increases kicks off this week's Opinion. John Authers, Nir Kaissar and Jonathan Levin on what we learned from outsized moves in the markets and from the Fed. We consider, too, what might be in store for July. And Lisa Jarvis gives us an update on Covid-19 in the US as omicron sub-variants circulate and the CDC relaxes travel rules. Hosted by Vonnie Quinn.