Tom Lee: Powell's speech may be interpreted as dovish, driving a rebound in US stocks after Friday's speech

According to Odaily Planet Daily, BitMine Chairman Tom Lee posted on the X platform that, in conversations with institutional investors, most expected Federal Reserve Chairman Powell to maintain a hawkish stance at the Jackson Hole annual meeting to avoid being forced to cut interest rates prematurely. However, since the market has already adopted a hawkish stance as the baseline expectation, his statement is more likely to be interpreted as dovish, driving a rebound in US stocks after Friday's speech.