The dovish shift of Federal Reserve Chairman Powell stems from economic trends rather than political pressure

ChainCatcher news, according to Jinshi reports, Mona Mahajan of Edward Jones stated that Federal Reserve Chairman Powell's dovish shift 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 indicating that his position has changed due to political factors. At the same time, Powell mentioned that tariff-driven inflation may be temporary and acknowledged cracks in the labor market, which reignited market bets on a rate cut in September.