Viewpoint: Fed Chairman Powell may maintain neutrality at the Jackson Hole conference.

On August 21, Blerina Uruci, Chief U.S. Economist at T. Rowe Price, stated that Fed Chairman Powell's speech at the Jackson Hole meeting may emphasize maintaining maximum flexibility for the upcoming FOMC meetings, noting that the policy path will depend on inflation and labor market data. She pointed out that before the Fed meeting on September 17, there will be a jobs report and a CPI report released. If inflation rises significantly or the labor market shows strong recovery, there is a high probability that the next meeting will keep the interest rate unchanged; however, if August job growth falls below 50,000 per month and the unemployment rate rises, a dovish cut of 50 basis points may occur. (Jin10)