ChainCatcher reported that Federal Reserve Chairman Powell will deliver a speech on the economic outlook at the Jackson Hole Economic Symposium at 10 a.m. EST on August 23 (10 p.m. Beijing time on August 23) and set the tone for a September rate cut window.

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