Powell will deliver a speech at the Jackson Hole annual meeting tonight at 10 PM, focusing on rate cut expectations and successor candidates.

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

This speech comes at a critical moment: the latest data shows that tariff measures have had some impact on inflation, while the labor market is slowing down. This complex situation has strengthened market expectations that the Federal Reserve may announce a 25 basis point rate cut at next month's meeting. Meanwhile, President Trump continues to pressure Powell to cut rates and is looking for his successor. Powell's term as Federal Reserve Chairman will end in May next year.