Analysis: Mixed economic data may force Powell to adopt a compromise stance in his speech tonight.

On August 22, Fed Chairman Powell will speak at the Jackson Hole annual economic symposium at 10 PM Beijing time on Friday. Currently, the Fed is facing unprecedented political pressure from Trump, but mixed economic data may force Powell to take a middle-ground stance, leaving key issues unresolved. In terms of interest rate policy, some analysts expect a compromise solution. Powell may open the door for a rate cut in September to acknowledge the necessity of addressing weak job growth and preventing its further deterioration, but he will not make more commitments until policymakers are more convinced that rising inflation is a temporary phenomenon. This stance may not satisfy Trump—who advocates for rates to be significantly reduced to around 1%—or investors betting on multiple rate cuts this year, although the market's confidence in a September rate cut has already been shaken. (Jin10)