#美国经济指标# Powell is about to give a speech at the Jackson Hole annual meeting, and the timing is quite delicate. The latest data shows that tariff measures have an impact on inflation, and the job market is also slowing down. The market generally expects the Fed to cut interest rates by 25 basis points next month. At the same time, Trump is constantly pressuring for rate cuts and is looking for a successor. I believe Powell's speech will mainly focus on the economic outlook and policy framework assessment, and may reveal some policy inclinations. It is suggested to follow his interpretations of inflation and employment data, as well as hints on the future interest rate path. This speech may affect the market's expectations for Fed policy, thereby impacting asset price movement.