ChainCatcher News, according to Bloomberg economist Anna Wong's comments on Powell's remarks, stated, "Powell's comments today are not dovish; over time, people will realize how hawkish these remarks are. (The market) has had this subconscious reaction before, which was later reversed.

He perfectly demonstrated today how to 'walk a tightrope': soothing political pressures (by giving just enough hints of rate cuts for people to interpret as they wish), while laying the groundwork for a hawkish response, all without showing his hand."