The Federal Reserve Chairman will deliver a speech on the economic outlook on the 23rd and provide guidance on the interest rate cut in September

ChainCatcher news, Federal Reserve Chairman Powell will deliver a speech on the economic outlook at the Jackson Hole Economic Symposium at 10 AM Eastern Time on August 23 (10 PM Beijing Time on August 23), setting the tone for the interest rate cut window in September.

This is the first full day of the annual economic symposium held by the Kansas City Fed in Jackson Hole, Wyoming. This global central bank annual meeting provides Powell with an opportunity to make the latest assessment of the trajectory of the U.S. economy and the outlook for monetary policy between the Fed's decision-making meetings in July and September. Last month, he indicated that if inflation and the labor market continue to cool, the Fed may consider an interest rate cut at its next meeting.