According to Odaily Planet Daily, Federal Reserve Chairman Powell is scheduled to deliver a speech on the economic outlook at 10:00 p.m. Beijing time next Friday, which is the first full-day meeting day of the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming.
The annual gathering of global central banks provides Powell with an opportunity to provide 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 could consider cutting rates at its next meeting if inflation and the labor market continue to cool.
