Fed Chair Powell Delivers Key Jackson Hole Speech Amid Rate Cut Pressure

Federal Reserve Chair Jerome Powell is set to deliver a pivotal speech at the Jackson Hole Economic Policy Symposium amid growing economic uncertainty and political pressure. President Donald Trump has urged the Fed to cut interest rates to boost the economy and reduce government debt costs, but the Fed has maintained steady rates due to inflation concerns and mixed economic data. Markets are closely watching Powell's remarks for signals on a potential rate cut in September, with many anticipating a cautious or hawkish tone that could influence traditional and cryptocurrency markets. Bitcoin and Ethereum have seen recent declines as traders exhibit risk aversion ahead of the speech, reflecting uncertainty about the Fed's next moves. Analysts warn that a hawkish stance from Powell could trigger further sell-offs in cryptocurrencies and equities, while a dovish surprise might spur rallies. Overall, Powell's address is expected to shape market dynamics and the Fed's policy outlook amid tensions over inflation, employment, and political criticism.