At 10 p.m. Beijing time on Friday, Federal Reserve Chairman Kevin Walsh will deliver a keynote speech at the Jackson Hole Global Central Bank Annual Meeting. What is before him is questions from the outside world about its credibility in dealing with inflation and the Federal Reserve's role in the face of excessive debt. On Thursday local time, the Jackson Hole Global Central Bank Annual Meeting hosted by the Kansas City Federal Reserve opened in Wyoming. This year's conference was particularly remarkable. Global inflationary pressure has returned, developed economies' treasury bonds are facing huge sell-off pressure, and the market is waiting for central banks to release the latest policy signals. Since taking charge of the Federal Reserve in May, Walsh has been tough on the issue of inflation, but he has always avoided specific plans and has not promised any policy action. The new chairman deliberately does not publish personal economic forecasts or interpret the latest economic data. The Federal Reserve has now failed to meet its inflation target for 65 consecutive months. From soaring prices to a 40-year high during the COVID-19 pandemic in 2021, to inflation once close to target in 2024, to prices rebounding again after Trump began his second presidential term; there has been little substantial progress in fighting inflation over the past year and a half. The reporter's summary found that Wall Street economists generally expect that Walsh's speech on Friday will not discuss the debate over whether to raise interest rates next month. The next few weeks of inflation and labor market data will be the key basis for this resolution.

At 10 p.m. Beijing time on Friday, Federal Reserve Chairman Kevin Walsh will deliver a keynote speech at the Jackson Hole Global Central Bank Annual Meeting. What is before him is questions from the outside world about its credibility in dealing with inflation and the Federal Reserve's role in the face of excessive debt. On Thursday local time, the Jackson Hole Global Central Bank Annual Meeting hosted by the Kansas City Federal Reserve opened in Wyoming. This year's conference was particularly remarkable. Global inflationary pressure has returned, developed economies' treasury bonds are facing huge sell-off pressure, and the market is waiting for central banks to release the latest policy signals. Since taking charge of the Federal Reserve in May, Walsh has been tough on the issue of inflation, but he has always avoided specific plans and has not promised any policy action. The new chairman deliberately does not publish personal economic forecasts or interpret the latest economic data. The Federal Reserve has now failed to meet its inflation target for 65 consecutive months. From soaring prices to a 40-year high during the COVID-19 pandemic in 2021, to inflation once close to target in 2024, to prices rebounding again after Trump began his second presidential term; there has been little substantial progress in fighting inflation over the past year and a half. The reporter's summary found that Wall Street economists generally expect that Walsh's speech on Friday will not discuss the debate over whether to raise interest rates next month. The next few weeks of inflation and labor market data will be the key basis for this resolution.