ChainCatcher news, according to Jin10 reports, Citic Securities research states that Powell's speech at the Jackson Hole central bank summit is consistent with previous expectations, emphasizing the downside risks in the labor market, continuing the viewpoint from the July interest rate meeting that "tariff inflation is transitory," laying the groundwork for a rate cut in September. Citic Securities expects the Federal Reserve to cut rates three times this year, each by 25 basis points. At the same time, the Federal Reserve will abandon the average inflation targeting framework and return to a flexible inflation targeting framework, modifying the wording to emphasize attention to "two-way" risks in the labor market.