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The dovish shift of Fed Chairman Powell is due to economic trends rather than political pressure.
According to ChainCatcher news and Jin10 reports, Mona Mahajan from Edward Jones stated that Fed 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 inflation driven by tariffs may be temporary and acknowledged that there are cracks appearing in the labor market, which has reignited market bets on a rate cut in September.