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

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.