Tom Lee: Powell's speech on Friday may be interpreted by the market as dovish, and the stock market will rise after the speech

Odaily Planet Daily reports that BitMine's new chairman, Tom Lee, posted on social media that in conversations with institutional investors, more people expect Federal Reserve Chairman Powell to lean hawkish in his speech this Friday, as he doesn't want to be forced into a corner and cut interest rates. This is just a base case scenario, with the probability leaning towards his statement being perceived as dovish, suggesting a potential stock market rally following the Jackson Hole event. Federal Reserve Chairman Powell will deliver a speech on the economic outlook and an assessment of the Fed's policy framework at the Kansas City Fed's annual central bank meeting in Jackson Hole, Wyoming, at 10:00 AM ET on August 22 (10:00 PM Beijing Time).