Analysis: Powell turns dovish at the Jackson Hole meeting, possibly due to Trump's political pressure in return

ChainCatcher news, according to Jinshi reports, Guojin Macro Research stated that Powell turned dovish at the Jackson Hole meeting, contradicting his statements at the July FOMC press conference. He has undergone a 180-degree shift in his views on the labor market, beginning to worry about the downside risks to employment.

This shift may prove that Trump's political pressure on the Fed has paid off, reinforcing the possibility of a 25 basis point rate cut in September and further cuts within the year.