Federal Reserve Chair Jerome Powell won high marks from Wall Street as he dialed up expectations late last year for a more hawkish policy stance to quell rising inflation, a survey by the New York Federal Reserve published Thursday showed. The report card is included in the New York Fed’s quarterly survey of primary dealers who assess the U.S. central bank’s communication with markets and the public, using a scale of one, for “ineffective,” to five, for “effective.” The Powell Fed received an average score of 4.08 in the Jan. 12-18 survey released on Thursday. That is up from 3.75 in late October, the last time the Fed was graded on its messaging skills. In the intervening period, Powell shepherded an effort to radically reset policy expectations, from a view that the Fed would not even begin raising rates until after mid-2022 to what many economists now expect will be …