The speech time of Powell Jackson Hole meeting was released, and the market focused on interest rate cut expectations and succession issues
2025-08-14 21:22:32
According to the Federal Reserve's schedule, Federal Reserve Chairperson Jerome Powell will deliver a speech on the economic outlook and the assessment of the Federal Reserve's policy framework at the Kansas City Fed's annual central bank meeting in Jackson Hole, Wyoming, on August 22 at 10:00 US time (10:00 pm Beijing time). The speech comes at a critical time: the latest data show that tariff measures have had some impact on inflation, and the labor market is slowing. The complex situation has strengthened market expectations that the Federal Reserve may announce a 25-basis point interest rate cut at next month's meeting. Meanwhile, US President Donald Trump has continued to pressure him to cut interest rates and is looking for a replacement. Powell's term as chairperson of the Federal Reserve ends in May next year.
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