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Bloomberg Economist: Powell's remarks today were not dovish; he was merely "walking a tightrope" between political pressure and hawkishness

By: theblockbeats.news|2025/08/22 17:02:15

BlockBeats News, August 23rd, Bloomberg economist Anna Wong commented on Powell's remarks, stating, "Powell's remarks today are not dovish. Over time, people will realize how tough this rhetoric is. The market's instinctive reaction is reversed later, as it has happened before."

Today, he perfectly demonstrated how to "walk a tightrope": soothing political pressure (giving just enough hints of a rate cut to let everyone interpret it as they wish), laying the groundwork for a hawkish response, all while keeping a low profile.

BNB Surges Above $885 in Short Term, Continues to Hit New Highs This Year

Analysis: Powell has clearly stated that the Fed's primary goal has shifted to supporting the labor market, and interest rate decisions will be guided by employment data