Goldman Sachs detailed the agenda of the Jackson Hole Global Central Bank Annual Meeting in this week's report, among which the most high-profile speech is none other than Powell's speech. Federal Reserve Chairperson Powell will give a keynote speech at 10:00 am EST on August 23 (22:00 Beijing time on Friday). The speech will be broadcast live but there will be no question-and-answer session after that. Goldman Sachs pointed out that the market may return to the signal of interest rate cut confidence and data dependence. It is expected that Powell's message and off-site interview will be similar to what has been heard in the past few weeks that the Federal Reserve is now close to cutting interest rates, but the degree of easing will depend on the upcoming data. Goldman Sachs economists expect the Federal Reserve to cut interest rates by 25 basis points three times in a row starting in September, and believe that the market is pricing in a 50 basis point cut at the next meeting too far ahead after the weaker-than-expected jobs data in July.