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Powell's speech time at the Jackson Hole meeting is announced, and the market focuses on interest rate cut expectations and successor issues.
On August 15, according to the Federal Reserve's schedule, Federal Reserve Chairman Powell will give a speech on the economic outlook and the assessment of the Federal Reserve's policy framework at the annual central bank conference of the Kansas City Fed held in Jackson Hole, Wyoming, at 10 a.m. Eastern Time on August 22 (10 p.m. Beijing Time). This speech comes at a critical moment: the latest data shows that tariff measures have had some impact on inflation, while the job market is slowing down. This complex situation has strengthened market expectations that the Federal Reserve may announce a 25 basis point rate cut at next month's meeting. Meanwhile, President Trump continues to pressure for a rate cut and is looking for a successor. Powell's term as Federal Reserve Chairman will end in May next year.