On August 15, according to the Fed's schedule, Fed Chairman Powell will deliver a speech on the economic outlook and the assessment of the Fed's policy framework at the Kansas City Fed's annual Central Bank conference held in Jackson Hole, Wyoming, at 10 AM Eastern Time on August 22 (10 PM Beijing Time). This speech comes at a critical moment: the latest data shows that tariff measures have had some impact on inflation, while the job market is slowing down. This complex situation reinforces market expectations that the Fed may announce a 25 basis point rate cut at next month's meeting. Meanwhile, President Trump continues to pressure for a rate cut and is looking for a replacement. Powell's term as Fed Chairman will end in May next year. (Jin10)