Bloomberg Economist: Powell’s Remarks Today Are Not Dovish, He Is Simply Walking a Tightrope Between Political Pressure and Hawkishness

According to ChainCatcher, Bloomberg economist Anna Wong commented on Powell's remarks, stating, "Powell's comments today were not dovish. Over time, people will realize just how hawkish his statements actually were. This kind of instinctive market reaction, which is later reversed, has happened before."

"Today, he perfectly demonstrated how to walk a tightrope: on one hand, soothing political pressure by offering just enough hints of rate cuts for everyone to interpret as they wish, while on the other hand, subtly laying the groundwork for a hawkish response, all without revealing his true intentions."