Preview: Federal Reserve Chair to Deliver Landmark Speech at 10:00 PM, May Provide Interest Rate Outlook Key Guidance

BlockBeats News, August 28th. At 22:00 Beijing time on Friday, Federal Reserve Chair Jerome Powell will deliver his most anticipated public speech since taking office at the Jackson Hole Global Central Bank Symposium. Currently, with U.S. bond yields soaring and inflation still significantly above target, the market is still unclear about under what conditions Powell will further tighten policy. This has made this speech a key juncture that could potentially reshape rate expectations and bond pricing.

Luke Tilley, Chief Economist of M&T Bank Corporation, stated: Powell may focus more on internal reforms within the Federal Reserve and how the central bank should operate, rather than providing a detailed analysis of the economic and rate path for the coming months.