#美联储政策讨论# follow the recent discussions on the Fed's policy, which are focused on the Jackson Hole annual meeting. Analysis indicates that Powell may express a more cautious policy stance, especially against the backdrop of the latest economic data being stronger than expected. It is worth noting that comments from Trump and Besant may bring additional uncertainty to the market. It is advisable to closely follow the FOMC meeting minutes for more clues regarding the interest rate outlook. At the same time, be alert to the potential impact of political interference on market sentiment. Next, we will focus on tracking large fund flows and related contract activities to assess the market's actual reaction to the Fed's policy expectations.