ChainCatcher news, according to Jinshi reports, at an event in Dallas, when asked whether he would consider being the first Federal Reserve Chair to remain on the Board of Governors after the end of his term in over 70 years, Federal Reserve Chair Powell simply stated that he is committed to completing his term.Powell said, "I must serve to the end; this is the most important thing during my term. This is what I have decided and what I am considering." Powell's term as a Board member will expire in January 2028. The last chair to continue serving after the end of their term as Federal Reserve Chair was Marriner Eccles, who stepped down as Chair in January 1948 but did not leave the Board until July 1951.

ChainCatcher news, Federal Reserve Chairman Powell: The Federal Reserve is committed to completing the task of controlling inflation. A strong economy allows the Federal Reserve to make decisions cautiously.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell will participate in a dialogue at 04:00 AM Beijing time on November 15 (Friday), where he will publicly speak for the first time since the November FOMC meeting and may comment on recent economic data.

ChainCatcher news, according to Bloomberg, Massachusetts Senator Elizabeth Warren is set to become the top-ranking Democrat on the Senate Banking Committee. As a major critic of Federal Reserve Chairman Powell, large banks, and the cryptocurrency industry, she will succeed Sherrod Brown, who lost in his re-election campaign.Warren stated in a declaration: "It is crucial that after the 2024 elections, Democratic leadership demonstrates that we can make life more affordable for working families and urgently take action to rebuild the middle class." Warren has previously called for stronger regulation of the cryptocurrency industry and has been critical of traditional financial institutions.

ChainCatcher message, Federal Reserve Chairman Powell stated that the overall economic performance is strong, and the Federal Reserve will continue to focus fully on its dual mandate objectives.

ChainCatcher message, Federal Reserve Chairman Powell will hold a monetary policy press conference in ten minutes.

ChainCatcher news, former U.S. President Trump stated that the president should be able to communicate with the Federal Reserve Chairman; he has the right to comment on interest rate trends; Federal Reserve Chairman Powell has cut rates too much.

ChainCatcher message, Goldman Sachs strategist Simon Dangoor stated that the Federal Reserve meeting minutes from last night were quite interesting. Clearly, some members showed some caution when considering a 50 basis point rate cut, which is clearly reflected in the dot plot. But evidently, the Fed Chair is dominating the situation here.

ChainCatcher news, at 01:55 AM Beijing time the next day, Federal Reserve Chairman Powell will deliver a speech at the National Association for Business Economics. In this period of uncertainty filled with "noise," Powell may indicate the future direction of the Federal Reserve's policy------how the "timely rain" of interest rate cuts will continue to unfold. Market fluctuations are expected, and investors are advised to pay attention to related risks.

ChainCatcher news, Federal Reserve Chairman Powell did not discuss monetary policy or economic outlook in his brief opening remarks at the New York Fed. (Jin Shi)

ChainCatcher message, Federal Reserve Chairman Powell stated: "We have not set any fixed path for interest rates and will make decisions in a series of meetings. If the economy remains strong and inflation remains stubborn, we may adjust policy more slowly. If appropriate, we can accelerate or slow down the pace of rate cuts, or even choose to pause rate cuts."

ChainCatcher message, Federal Reserve Chairman Powell stated: "We are fully focused on our goals. The overall economy is strong, and we are committed to maintaining robust economic growth. Our decision today reflects an increasing confidence that the strong performance of the labor market can be sustained. The Federal Reserve can maintain the strength of the labor market through policy adjustments."

ChainCatcher news, according to The Wall Street Journal, Federal Reserve Chairman Powell has issued the strongest signal yet for a rate cut, indicating that the Fed intends to take action to prevent further weakening of the U.S. labor market.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated: "The time for policy adjustment has come. I am increasingly confident that inflation will return to 2%. We do not seek or welcome further cooling of the labor market."

ChainCatcher news, according to The Block, despite a general rise in the U.S. stock market ahead of Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole conference later this week, the price of Bitcoin has still seen a slight decline over the past 24 hours. In the past 24 hours, the price of Bitcoin has dropped nearly 3%, trading at around $58,500.BRN analyst Valentin Fournier stated that the upcoming Jackson Hole conference may lead to increased volatility in Bitcoin prices, as the market awaits further announcements from the Federal Reserve at the Jackson Hole symposium and macroeconomic indicators. Bitcoin's volatility may rise in the coming days or week.

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Jerome Powell recently attended a closed-door meeting with the CEOs of major banks, encouraging them to collaborate with the Federal Reserve to avoid a years-long legal battle over the Biden administration's flagship capital plan.Informed sources revealed that Powell told bank leaders, including Jamie Dimon of JPMorgan Chase and Jane Fraser of Citigroup, that the public would have the opportunity to comment on key revisions to the plan. While it is not uncommon for Powell or other Federal Reserve governors to meet with top bank CEOs, this discussion is the latest indication of Powell's attempt to leverage his influence to reach a consensus between the industry and Federal Reserve governors and finalize the plan. This initiative, born out of the 2008 global financial crisis, has been in the works for over a decade. The industry has expressed strong opposition and is preparing for potential legal challenges.

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.

ChainCatcher message, Federal Reserve Chairman Powell stated that as the economy develops, monetary policy will be adjusted.