Express
Bloomberg Economist: Powell's Remarks Today Not Dovish, Walking Tightrope Between Political Pressure and Hawks
Summary: In response to Powell's remarks, Bloomberg economist Anna Wong stated that Powell's remarks today were not dovish, and over time, people will realize how tough his stance is. This subconscious reaction in the market was later reversed, as seen in the past. Today, he perfectly demonstrated how to walk a tightrope: soothing political pressure (giving ...
In response to Powell's remarks, Bloomberg economist Anna Wong stated that Powell's remarks today were not dovish, and over time, people will realize how tough his stance is. This subconscious reaction in the market was later reversed, as seen in the past. Today, he perfectly demonstrated how to walk a tightrope: soothing political pressure (giving just enough hints of rate cuts for interpretation), laying the groundwork for a hawkish response, all while keeping a low profile.
Tags:
Link: Bloomberg Economist: Powell's Remarks Today Not Dovish, Walking Tightrope Between Political Pressure and Hawks [Copy]
