The model shows that Powell's dovish inclination is declining, with an overall neutral stance.

On July 31, Jin10 reported that, according to an analysis tool based on natural language processing, Fed Chairman Powell's remarks in his opening speech were slightly less dovish and overall neutral. Analysts pointed out: "Although two governors voted against with dovish dissent, Powell's remarks remain very neutral. While a rate cut in September is still under discussion, the model results indicate that his comments did not clearly prepare the market for this possibility. The upcoming meeting minutes and the speeches at the Jackson Hole annual meeting are more likely to provide opportunities to pave the way for action in September."