Analysis: Powell's dovish turn stems from economic trends, non-political pressures
2025-08-22 15:23:47
Mona Mahajan of Edward Jones said Fed Chairperson Jerome Powell's dovish turn in Jackson Hole was based on economic trends rather than political pressure. "Powell's position has been fairly consistent and the market has recognized him as providing a fairly balanced narrative," she said. "It doesn't look like there's any indication that his position has changed because of politics." Powell said tariff-driven inflation could be temporary, while also acknowledging cracks in the labour market. Mahajan noted that this has reignited market bets on a September rate cut.
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