BlockBeats News, August 28th. At 22:00 Beijing time on Friday, Federal Reserve Chair Jerome Powell will deliver his most anticipated public speech since taking office at the Jackson Hole Global Central Banker Conference. Currently, with U.S. bond yields soaring and inflation still significantly above target, the market is unclear about Powell's conditions for further policy tightening. This has made this speech a key juncture that could potentially reshape rate expectations and bond pricing.

Luke Tilley, Chief Economist at M&T Bank, commented that Powell may focus more on internal Fed reforms and how the central bank should operate, rather than providing a detailed analysis of the economic and rate path for the coming months.