Powell's Speech Tonight Highlights Preview: Can the Overture of Policy Shift be Played, Market Awaits Clear Rate Cut Signal
BlockBeats News, August 22: Federal Reserve Chairman Powell is scheduled to speak at the Kansas City Fed's annual central bank symposium in Jackson Hole tonight at 10 p.m. Beijing time. The market expects the following key points from his speech:
Rate Cut Path: Will Powell confirm whether the expected rate cut next month is the focus of this speech? Currently, most institutions expect Powell to take a neutral stance, not providing clear signals and continuing to emphasize a data-dependent decision-making approach. However, the market remains concerned about his pushback against the rate cut expected in September;
Policy Framework Review: The Fed's policy framework review has become one of Powell's key focus areas for this speech. Several major investment banks expect Powell to possibly downplay the Flexible Average Inflation Targeting (FAIT) introduced in 2020, returning to a more traditional policy statement emphasizing a more balanced approach to employment and inflation targets;
Inflation Concerns: Powell may acknowledge a slight easing in the CPI but still above target, and address concerns about the surge in the PPI. He will continue to point out the need to be vigilant regarding service sector inflation stickiness and potential pressures from tariffs, emphasizing the importance of anchoring inflation expectations;
Labor Market: Powell may respond to the cooling of non-farm data and significant downward revisions, and may acknowledge a softening labor market and reduced potential for job growth, but may play down the impact of a single labor data point, emphasizing the need to make comprehensive judgments based on multiple indicators;
Political Pressure: Powell will likely avoid discussing the political pressure he faces during the speech, stating that he will focus on doing his job well. Trump has publicly criticized Powell multiple times, and government officials have been pressuring the Fed continuously, recently even demanding the immediate dismissal of Fed Governor Lael Brainard. (Jinshi)
You may also like

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Why do cryptocurrency projects always like to change their names?

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet

Who is footing the bill for the $64 billion accounting frenzy?

I never expected that the first application of AI x Crypto would be in security auditing

What is your view on Binance's competitive advantages?

ETH has entered a non-consensus phase, and the turning point is approaching!

The shift in the cloud of the air: from despising stablecoins a year ago to the high-profile entry of capital today

The survival dilemma of small and medium exchanges behind the withdrawal anomalies exposed by AscendEX

Why Is Bitcoin Falling Below $60K? 5 Key Market Drivers Explained
Bitcoin has dropped sharply amid ETF outflows, Strategy stock weakness, AI stock rallies, and changing Fed expectations. Explore the key forces driving BTC’s latest correction and what traders should watch next.

Bitcoin vs. Gold in 2026: Which Asset Performs Better in Different Markets?

Morning News | The draft amendment to the People's Bank of China Law aims to clarify the legal status of digital renminbi; South Korea will transfer about 40 unregistered virtual asset service providers to law enforcement agencies

The cryptocurrency industry has entered the "Show Me" era: merely relying on vision is no longer enough

Interpreting the Ethereum Foundation's new structure: Reaffirming self-sovereignty amid institutional trends

Former SpaceX engineer reconstructs the financial execution system using first principles

Standard Chartered Bank sings a 50x rhapsody again, aiming for AAVE to reach 3500 USD

