Powell to Speak at Jackson Hole Symposium on August 22, Market Focused on Rate Cut Expectations and Successor Selection

BlockBeats News, August 15th. According to the Federal Reserve's schedule, Federal Reserve Chairman Powell will deliver a speech on the economic outlook and the Fed's policy framework evaluation at the Kansas City Fed's annual central bank symposium in Jackson Hole, Wyoming, on August 22nd at 10 a.m. Eastern Time (10 p.m. Beijing Time). This speech comes at a critical time: recent data shows that tariff measures have partially impacted inflation, while the labor market is slowing down. This complex situation reinforces the market's expectation that the Fed may announce a 25 basis point rate cut at the next month's meeting. Meanwhile, U.S. President Trump continues to pressure for a rate cut, and is scouting for potential replacements. Powell's term as Fed Chair will end in May next year. (FXStreet)