Published: August 22, 2025
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I think Jay Powell was not being dovish today, and this is the sort of speeches that people will realize how hawkish it is with time to digest. And this kind of knee jerk reaction, only to be reversed later, had happened before.

One thing Powell did today —he gave a masterclass of how to straddle between placating political pressure (giving just enough hints of openness to cuts, which can be interpreted both ways) while laying the ground for hawkish response without appearing to do so.

I explain what I hear that made me judge this speech as NOT DOVISH. @TheTerminal https://blinks.bloomberg.com/n...

@AnnaEconomist who are u? looks woke - muted

@AnnaEconomist Why would you cut rates with nearly every asset class at ATHs, speculation and leverage at levels never seen in history with some of the loosest financial conditions we have witnessed in this cycle?

Image in tweet by Anna Wong

@AnnaEconomist Any reason you think it wasn't dovish? Seemed clearly dovish to me

@AnnaEconomist Anna, you had the leak on the framework change but botched the entire conclusion. You were dead wrong then and dead wrong again today. There is nothing hawkish about today whatsoever

@AnnaEconomist Miss, you have been dead wrong since the last pico bottom. Prolonged bearishness could cause serious damage to the brain

Image in tweet by Anna Wong

@AnnaEconomist Sidelined? This is fine, you can always buy higher.

@AnnaEconomist This is when your realize your opinion doesn't matter. Markets have shown their cards. No reason to swim against the tide.

@AnnaEconomist Hey @grok give me three dovish points and three hawkish points from Powell speech

@AnnaEconomist What makes you believe US markets aren’t moving on geoeconomic/geopolitical forces @AnnaEconomist Have you seen the UK, French and German 30 year? What’s happens in a G7 bubble with China deflating? Europe is now a vassal of the U.S. New world order.

@AnnaEconomist Did you change your name recently? You sound just like her

Image in tweet by Anna Wong

@AnnaEconomist I’d love to read your argument. I don’t have a Bloomberg terminal. Any other way to read it?

@AnnaEconomist Might as well not even post this unless you provide some counter argument.

@AnnaEconomist There’s a saying that goes it’s not what you don’t know kills you, it’s what you know for sure just ain’t so will kill your!

@AnnaEconomist Maybe I can offer a helpful translation. Equities: peak PE, peak P/eFCF, peak everything CPI: 2.9% PPI: blowing out Employment: maxed Inflation expectations: ripping JPow: “risks are balanced” (removes 2% inflation tgt) Mkt: “wait so Trump’s armtwisting actually worked? LMFAOO”

@AnnaEconomist He definitely issued statements, words, and gestures that counterbalanced each other. Markets may be confirming bias, that's a possibility. But inflation conditions, and perhaps bond market conditions, leading up to the BLS revision date will probably be more telling.

@AnnaEconomist @market_sleuth Not sure how anyone can spin what he said today as non-dovish

@AnnaEconomist soooo you gonna tell us why or is this just a free option post lol

@AnnaEconomist I've listened to the speech twice, and it still seems like normal jpow to me 🤷‍♂️ Tariff inflation is a one-time hit. Makes sense; he's already said that. A wage-inflation spiral is unlikely with a weakening labor market. Also makes sense. I don't get the market reaction either.

@AnnaEconomist I feel like I can guess what your most common comment is.

@AnnaEconomist I agree. Very hawkish. Thinking we go into a recessionary bust in the coming months prior to rate cuts in the next 14-18 months

@AnnaEconomist This post is clickbait for Bloomberg. Nic

@AnnaEconomist lmao...get a load of this guy

@AnnaEconomist can you elaborate?

@AnnaEconomist Didn’t know you changed your name to Anna Wrong

@AnnaEconomist It’s possible, of course, but as a nobody with zero finance background, I cannot see how anyone could see this scenario as the highest probability outcome. Which makes me a bit concerned about the expertise of economists, or reputable finance firms and their employees. Now that’s

@AnnaEconomist Wow, thought this was a troll account. Anna Wrong nails it.

@AnnaEconomist Anna - you are awesome but this was extremely dovish. We had a nearly 1% PPI last month. PMIs and retail sales showed growth has improved. He claims to understand labor supply has collapsed yet didnt even consider that labor demand can easily surpass it. This will be his legacy

@AnnaEconomist No matter how hawkish Powell tries to be, he still ends up bowing to Trump.

@AnnaEconomist Dont listen to these "economists". Fucking poor to boot. Hilarious.

@AnnaEconomist Wrong, lol. You just want him to be more hawkish than he actually was. Also, these things very often have also not reversed. Why not just accept reality and buy in?

@AnnaEconomist Yikes, close your puts and get help 🥹

@AnnaEconomist Monetary moves must weigh long‑term risks. Patriots urge caution to protect economic stability.

@AnnaEconomist Anna he can retract these comments and he often does contradict himself from month to month. But it is impossible to be more dovish than this

Image in tweet by Anna Wong
Image in tweet by Anna Wong

@AnnaEconomist Hmm--- Powell outlined the Fed's reaction to a series of cuts, and that was the surprise to markets. Data and facts can change, but the Fed's reaction function to worsening labor conditions is not: "This unusual situation suggests that downside risks to employment are rising. And

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