Analysts commented on Powell's speech: There was little content about "hawkish rate cuts".
TL;DR
Analysts note Powell's speech lacked substantial 'hawkish rate cut' content, emphasizing the Fed's dual mandate tension and unchanged economic conditions since the last meeting, with a key quote on the economy not being overheated.
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On December 11, Informa Global Markets commented on Federal Reserve Chairman Powell's latest remarks, saying: "The so-called 'hawkish rate cut' is nothing more than that."
Powell pointed out the tension between the Fed's dual mandate, but also acknowledged little change since the last meeting. His remarks were generally similar to previous ones. The most memorable statement from the press conference was: "The economy right now doesn't resemble an overheated economy that would trigger labor-driven inflation." (Jinshi)