For some context, Powell highlights that the central bank is still resorting to higher short-term interest rates “as needed,” to address inflation. Evidently, Nutrien (NYSE: NTR), Mosaic (NYSE: MOS), and CF Industries (NYSE: CF) are all trading at record levels now. At the same time, other names like CVR Partners (NYSE: UAN) and Intrepid Potash (NYSE: IPI) soared by over 9% and 21% respectively yesterday.