CoinVoice has recently learned that, according to Jin Shi reports, Federal Reserve Chairman Powell's speech at 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; despite challenges in the job market, inflation expectations remain stable. Laut pointed out that the Federal Reserve has sufficient data to justify the rationale for a rate cut in September. [Original link]