The financial world is focused on the upcoming economic policy symposium in Jackson Hole, where Fed Chairman Powell's speech is highly anticipated. He will deliver a talk titled "Economic Outlook and Framework Assessment" at 10 PM Beijing time on Friday, which may provide important clues for the Fed's decision-making in September.

Powell's speech this time may focus on inflation control and interest rate policy. Currently, the Fed's benchmark interest rate remains in the range of 4.25% to 4.50%, and Powell may assess the impact of this level on economic growth and inflation suppression. Senior officials at the Fed generally believe that the current interest rate level exerts moderate pressure on economic growth while also pushing inflation down.

Historically, Powell has often used the Jackson Hole annual meeting to convey important policy signals. In 2024, he announced the intention to cut interest rates for the first time after the pandemic. At this summit, the market will closely watch whether Powell will hint at the possibility of the first interest rate cut since last December.

In addition, Powell may elaborate on the challenges the Fed faces in the current economic environment. The Fed is tasked with maintaining low inflation and high employment through monetary policy, but recently, both indicators have shown adverse trends, possibly related to changes in trade policy.

Analysts predict that Powell's speech may develop in one of the following directions: hinting at an upcoming interest rate cut, maintaining the current policy stance, or indicating the need to further observe economic data. In any case, this speech will provide important policy guidance for market participants and influence the future direction of the financial markets.