Recently, a speech by Fed Chairman Powell has attracted widespread follow. Bloomberg economist Anna Wong conducted an in-depth analysis of this, pointing out that Powell's remarks are not as mild as they appear on the surface. Wong believes that over time, people will gradually realize the tough stance contained in this speech.

The market's initial reaction to Powell's remarks seems to have been misread, a situation that has occurred multiple times in the past. Early optimism often gets corrected later, reflecting the complexity of the market's interpretation of central bank policies.

Wong specifically pointed out that Powell demonstrated superb policy communication skills this time. He skillfully sought balance amid various pressures: on one hand, he provided enough hints of interest rate cuts to respond to political expectations; on the other hand, he laid the groundwork for potentially hawkish policies in the future. This ambiguous statement allows all parties to interpret it based on their own positions, while also reserving flexibility for the Fed's future policy adjustments.

Powell's communication strategy has been described by Wong as 'walking a tightrope', neither overcommitting nor completely ruling out any possibilities. This balancing act not only showcases Powell's political acumen as a central bank leader but also reflects the challenges of formulating monetary policy in the current complex economic environment.

As the market continues to digest Powell's speech, investors and analysts may need to interpret every word from the central bank more cautiously to better predict future policy directions. This event once again emphasizes the importance of understanding central bank communication strategies, as well as the potential lag and volatility in market reactions.