The Chairman of the U.S. Federal Reserve, Powell, is about to deliver an important speech at the annual Jackson Hole symposium, scheduled for 10 PM tonight (Singapore time). The focus of this speech will be on the assessment of the economic outlook and policy framework, drawing widespread attention from the financial markets.

Currently, the market widely expects that the Federal Reserve may announce a 25 basis point rate cut decision at next month's meeting. If Powell signals a rate cut in his speech tonight, it is likely to trigger a strong market reaction.

However, the background of this speech is quite complex. The President of the United States has been publicly pressuring the Federal Reserve to lower interest rates. At the same time, discussions about Powell's successor have also begun to surface, as his term will end in May next year. These factors add uncertainty to the direction of the Federal Reserve's policy.

Given the current economic situation and political environment, the content and tone of Powell's speech will be subject to particularly stringent interpretation. Regardless of how he chooses to express himself, it may have far-reaching effects on the financial markets. Investors and economists are closely watching this speech, hoping to gain clues about the future direction of U.S. monetary policy.