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BitMine chairman predicts: Powell's speech may be dovish, stock market is expected to pump.
On August 20, BitMine's newly appointed Chairman Tom Lee posted on social media that during conversations with institutional investors, more people expect Fed Chair Powell to lean towards "hawkish" in his speech this Friday, as he does not want to be forced into a corner to cut rates. This is just the "baseline scenario," and the probability leans towards his statement being viewed as "dovish," which means that the stock market may pump after the Jackson Hole event.
Fed Chairman Powell will speak on the economic outlook and the assessment of the Fed's policy framework at the Kansas City Fed's annual central bank meeting in Jackson Hole, Wyoming, at 10 AM Eastern Time on August 22 (10 PM Beijing Time).