Powell is set to deliver a speech tonight at 10 p.m. at the Jackson Hole Symposium, with the market focusing on rate cut expectations and successor selection.

BlockBeats News, August 22: Federal Reserve Chair Powell is scheduled to speak on the economic outlook and the Fed's policy framework evaluation at the Kansas City Fed's annual central bank symposium in Jackson Hole, Wyoming, today at 10 a.m. ET (10 p.m. Beijing time). Significant market volatility is expected.

This speech comes at a critical time: recent data shows that tariff measures have had some impact on inflation, while the labor market is slowing down. This complex situation reinforces the market's expectation that the Fed may announce a 25-basis-point rate cut at the next month's meeting. At the same time, U.S. President Trump continues to pressure Powell to cut rates and is looking for a replacement. Powell's term as Fed chair will end in May next year.