Jerome Powell's Speech at the Jackson Hole Symposium Today

• Anticipated Event: Federal Reserve Chairman Jerome Powell delivers his speech at the Jackson Hole Symposium today, Friday, August 22, 2025, at 10 AM Eastern Time (5 PM Saudi Time).

• Mixed Expectations:

• Goldman Sachs: Expects a rate cut in September.

• Barclays: Expects the cut in December.

• Markets are Nervous: Historically, Powell's speech at Jackson Hole has caused strong movements:

• 2021: Dovish Tone.

• 2022: Very Hawkish (caused a sharp decline).

• 2023-2024: Mixed Signals.

• Current Situation:

• Probability of a rate cut in September = 71%.

• Unemployment rises to 4.2%, bankruptcies at the highest level since 2020, and inflation below 3%.

• Potential Impact on Crypto:

• The speech may cause an initial decline due to anxiety.

• Afterward, we may witness pressure on short-selling positions leading to an increase in Bitcoin and possibly Ethereum, with targets reaching up to 150,000$ for Bitcoin according to some forecasts.

⚠️ Summary: Any statement from Powell today could determine market direction for the coming weeks, especially in the crypto market.