Allianz Chief Economist: Federal Reserve Chairperson Powell will face a challenge in Jackson Hole

Allianz Chief Economist Erian wrote that Powell will face a challenge in Jackson Hole this week, and he needs to use this golden opportunity to re-establish the effectiveness of his forward policy guidance, otherwise it may further damage its policy effectiveness and reputation. Some prominent Wall Street analysts and financial observers have called on the Federal Reserve to implement an urgent intersession rate cut immediately, which is unnecessary and may even be harmful. (Golden Ten)