[Informa Global Markets: Powell's speech does not reflect the essence of a 'hawkish rate cut'] Informa Global Markets commented on Federal Reserve Chairman Powell's speech, stating that 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 that there has been little change since the last meeting. Powell's remarks are generally similar to previous ones. Powell stated that the current economy does not resemble an overheated economy driven by labor-driven inflation.