According to ChainCatcher news and reports from Jin10, Mona Mahajan of Edward Jones stated that Fed Chairman Powell's dovish turn at Jackson Hole is based on economic trends rather than political pressure. She pointed out that Powell's stance has been quite consistent, and the market recognizes that he has provided a balanced narrative, with no signs that his position has changed due to political factors. At the same time, Powell mentioned that inflation driven by tariffs might be temporary and acknowledged that there are cracks in the labor market, which reignited market bets on a rate cut in September.
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The dovish shift of Fed Chairman Powell is due to economic trends rather than political pressure.
According to ChainCatcher news and reports from Jin10, Mona Mahajan of Edward Jones stated that Fed Chairman Powell's dovish turn at Jackson Hole is based on economic trends rather than political pressure. She pointed out that Powell's stance has been quite consistent, and the market recognizes that he has provided a balanced narrative, with no signs that his position has changed due to political factors. At the same time, Powell mentioned that inflation driven by tariffs might be temporary and acknowledged that there are cracks in the labor market, which reignited market bets on a rate cut in September.