This week could be very important ‼️

Powell will take the stage at Jackson Hole, and this speech is actually seen as the most critical moment in his career.

While the Trump administration constantly pressures for interest rate cuts, Powell is applying the brakes because he fears that tariffs will fuel inflation.

On the other hand, employment is weakening, and the markets are expecting "an interest rate cut in September."

The opinions of Wall Street are very important to me. Last weekend, I saw an article by Nicole Goodkind, a journalist from Barron's that I follow. She is more of a journalist who defends the independence of economic institutions and criticizes politicians.

📌 The focus of the article was this. 👇

"Whether Powell can defend the Fed's independence.

Because the Trump administration is clearly applying pressure, pushing for 'cut the interest rate.' If Powell cannot strongly convey the message at Jackson Hole that 'we act based on economic data, not political data,' both the independence of the Fed will be compromised and the markets will start to see Fed decisions as political. This could undermine the credibility of the dollar and the influence of the Fed.

So the discussion about interest rate cuts is important, but the real critical point is whether the Fed can remain independent of politics."

📌 Although they may seem justified, there is actually a kind of pressure being applied to Powell from the other side as well..

There is an increasingly constrained environment. The expectation for September is very strong, and all economic analysts and institutions expect 2-3 or even more cuts in the upcoming calendar.

For this reason, I expect Powell to make a neutral speech. Therefore, it is wise to be cautious in all kinds of transactions and to keep possible risks in mind.