BlockBeats news, on August 25, Citic Securities research report stated that Powell's speech at the Jackson Hole central bank summit aligns with our previous expectations, emphasizing the downside risks in the labor market and continuing the viewpoint from the July interest rate meeting that 'tariff inflation is transient,' paving the way for a rate cut in September. We maintain our previous view that the Federal Reserve will consecutively cut interest rates three times this year, each time by 25bps. Regarding the adjustment of the monetary policy framework, the Federal Reserve has abandoned the average inflation targeting regime, returning to a flexible inflation targeting framework, and modified the wording to emphasize attention to 'two-sided' labor market risks. (Jin Shi)