Powell, the Chairman of the Federal Reserve, will deliver an important speech tonight at 10 PM (Taiwan time) at the Jackson Hole Global Central Bank Annual Meeting. This highly anticipated event is stirring the nerves of global financial markets.

As an annual event hosted by the Federal Reserve Bank of Kansas City, the Jackson Hole Economic Policy Symposium attracts central bank officials, economists, and policymakers from around the world. This year's meeting will be held from August 21 to 23, with the theme focusing on 'Labor Market Transformation: Demographics, Productivity, and Macroeconomic Policy.'

In the current complex environment where the U.S. economy faces renewed inflationary pressures and a slowing labor market, the importance of Powell's speech is self-evident. Investors will closely monitor the content of his remarks in hopes of capturing clues about the future direction of the Federal Reserve's monetary policy.

Although the market generally expects the Federal Reserve to possibly restart the interest rate cut process in September, Powell's speech may still have a significant impact on market expectations. Every word he says could trigger a sharp reaction in the financial markets, so analysts will carefully interpret the details and implications.

It is worth noting that this year's Jackson Hole meeting has a unique background. Although the US economy has shown some resilience, the rebound in inflationary pressures and changes in the labor market present new challenges for policymakers. How Powell balances inflation control and economic growth will be the key focus of this speech.

In addition, the uncertainty of the global economic situation has added complexity to this conference. Factors such as US-China relations, geopolitical risks, and the restructuring of global supply chains may all influence the Federal Reserve's policy choices.

Overall, Powell's speech is not only about the U.S. economy but will also have a profound impact on global financial markets. Whether they are investors, policymakers, or the general public, there is reason for everyone to closely monitor this important address to better grasp the economic pulse and future direction.