Powell will deliver a speech at the Jackson Hole annual meeting tonight at 10 PM, with the market focusing on interest rate cut expectations and successors
On August 22, Federal Reserve Chairman Powell will speak at the Kansas City Fed's annual central bank meeting in Jackson Hole, Wyoming, at 10 PM Eastern Time (10 PM Beijing Time) about the economic outlook and the assessment of the Federal Reserve's policy framework. The market is expected to experience significant volatility at that time.
This speech comes at a critical moment:
Recent 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 interest rates and is looking for his successor. Powell's term as Federal Reserve Chairman will end in May next year.
