Before the Jackson Hole meeting, mainstream cryptocurrencies such as Bitcoin experienced slight declines.

According to news from Hash World, Federal Reserve Chairman Powell will deliver a speech at the Jackson Hole annual meeting, with the theme 'Economic Outlook and Framework Assessment.' Prior to this, major cryptocurrencies such as Bitcoin and Ethereum experienced slight declines, with Bitcoin dropping 0.74% in 24 hours to $113,018, and Ethereum falling 0.1% to $4,284. Analysts indicate that if Powell's remarks lean towards a hawkish stance, the market may shift towards risk aversion, with Bitcoin potentially dropping another 30%. Although the market generally expects the Fed to cut interest rates in September, some committee members remain concerned about persistently high inflation, and the expectations for a rate cut have weakened due to recent economic data. As most of the meeting content will not be broadcast live, five Federal Reserve officials will give media interviews on August 22, providing another window for the market to gain insights into policy information. Additionally, ECB President Lagarde, Bank of England Governor Bailey, and Bank of Japan Governor Ueda will share their views in a panel discussion on 'The Impact of Labor Market Transformation Policies' on Saturday. It is worth noting that interviews with central bank officials often reveal policy directions more clearly than academic discussions.