ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell's speech in Jackson Hole has ignited bullish sentiment on Wall Street.

David Laut of Abound Financial stated that Powell's dovish remarks indicate that the Federal Reserve is ready to cut interest rates in September. Powell mentioned that monetary policy will be data-driven, and despite challenges in the job market, inflation expectations remain stable. Laut pointed out that the Federal Reserve has enough data to justify a rate cut in September.