Powell to Address Economic Outlook at Jackson Hole Amid Rate Cut Speculations

According to BlockBeats, Federal Reserve Chair Jerome Powell is scheduled to deliver a speech on the economic outlook and the Fed's policy framework assessment at the Kansas City Fed's annual central bank meeting in Jackson Hole, Wyoming. The address will take place on August 22 at 10 a.m. Eastern Time (10 p.m. UTC+8). This speech comes at a critical juncture, as recent data indicates that tariff measures have partially impacted inflation, while the job market is showing signs of slowing down. This complex situation has heightened market expectations that the Federal Reserve might announce a 25 basis point rate cut at its meeting next month. Meanwhile, U.S. President Donald Trump continues to exert pressure for a rate cut and is reportedly considering potential replacements for Powell, whose term as Fed Chair is set to end in May next year.