鲍威尔将在杰克逊霍尔告别演讲！政策框架巨变在即

Core Points - Federal Reserve Chairman Jerome Powell will deliver his final speech in Jackson Hole, Wyoming, focusing on potential signals for a September rate cut and deeper changes to the central bank's dual mandate [1] - The Fed is likely to abandon the "average inflation targeting" strategy, which was designed to prevent deflation during low inflation periods, and instead re-anchor to a single inflation target of 2% [1] - The current monetary policy framework is revised every five years, and this upcoming revision may have lasting impacts for several years [1] Group 1 - Observers believe that the previous tolerance for inflation overshooting led to the Fed's slow response post-pandemic and misjudgment of inflation, resulting in aggressive rate hikes [1] - Deutsche Bank and hedge fund professionals expect Powell to restore a forward-looking strategy and acknowledge supply shock risks in his speech [1] - Powell has previously warned of significant future inflation volatility and will optimize the policy communication mechanism, with investors keenly watching for any modifications to the "dot plot" report [1]