According to Techub News, on the evening of August 22, 2025, Federal Reserve Chairman Powell revealed in his speech at Jackson Hole that the window for interest rate cuts in September has opened. He pointed out that although the job market is close to full employment, risks are increasing, short-term inflationary pressure is still on the high side, and the impact of tariffs on prices is short-term and uncertain.
The Federal Reserve also adjusted its monetary policy framework, removing references to "inflation averaging 2% over the long term" and "the largest employment gap." Markets reacted swiftly to the announcement, with gold prices surging, the US dollar falling, the Japanese yen and Australian dollar rising by over 1%, US Treasury yields falling, and US stocks rising across the board. Bitcoin surpassed $116,000. At press time, Ethereum surpassed $4,800.
