According to Odaily, Federal Reserve Chair Jerome Powell is scheduled to deliver a speech on the economic outlook next Friday at 10:00 PM Beijing time. This address will take place during the first full day of the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming. The global central bank meeting provides Powell with an opportunity to update on the trajectory of the U.S. economy and the outlook for monetary policy between the Fed's July and September decision meetings.

Last month, Powell indicated that if inflation and the labor market continue to cool, the Federal Reserve might consider a rate cut at its next meeting. This statement has garnered significant attention as market participants closely watch for any signals regarding future monetary policy adjustments. Powell's upcoming speech is expected to shed light on the Fed's assessment of current economic conditions and its potential policy responses.