Fed Chairman Powell will deliver an important speech at the Jackson Hole Annual Economic Policy Symposium tonight at 10 PM (Singapore time). This speech is highly followed as Powell will elaborate on his views on the economic outlook and potential future adjustments to monetary policy.

The financial markets are closely watching this speech, hoping to catch signals of the Fed's future rate cuts. Currently, the market generally expects the Fed to announce a 25 basis point cut at next month's meeting. If Powell's remarks hint at the possibility of a rate cut, it could trigger a strong reaction in the market and even lead to a significant rise in the stock market.

It is worth noting that President Trump has been publicly pressuring the Fed to adopt a more accommodative monetary policy. Trump is even considering finding a successor for Powell, as the latter's term will end in May next year.

The results of this speech will not only affect traditional financial markets but may also have a significant impact on the cryptocurrency market. Investors are closely following this development to adjust their investment strategies in a timely manner.