The reason investors don't believe Powell will stick to a hawkish narrative/policy is because he never has.
He's a Fed Chair with no credibility. The July dovish presser cemented that.
The 2019 flip flop has not been forgotten.
So if he's serious he needs to prove it.
— Sven Henrich (@NorthmanTrader) August 25, 2022
Case in point: Who's scared of a hawkish Powell?
Nobody. Buy everything says the tape. pic.twitter.com/vWqz2L7v5w— Sven Henrich (@NorthmanTrader) August 25, 2022