Tom Lee: Powell's speech on Friday may be interpreted by the market as "dovish", and the stock market may rise after the speech.

BlockBeats news, August 20, BitMine's newly appointed chairman Tom Lee stated on social media that in conversations with institutional investors, more people expect Federal Reserve Chairman Powell to lean towards a "hawkish" stance in his speech this Friday, as he does not want to be forced into a corner to cut rates. This is just the "base case", with a probability leaning towards his statement being perceived as "dovish", which means the stock market may rise after the Jackson Hole event.

Federal Reserve Chairman Powell will deliver a speech on the economic outlook and assessment of the Federal Reserve's policy framework at the Kansas City Fed's annual central bank conference in Jackson Hole, Wyoming, at 10 AM Eastern Time on August 22 (10 PM Beijing Time).