The global Central Bank annual meeting is about to be held, and Fed officials are frequently speaking out.

Next Friday, global investors will focus on the Jackson Hole Global Central Bank Annual Symposium held in Wyoming. Fed Chairman Powell will deliver a speech at the conference to discuss the economic outlook, which may provide important clues for the future direction of U.S. interest rate policy.

Before Powell's speech, several Fed officials recently made hawkish remarks, seemingly setting the tone for the upcoming annual meeting. Observers expect Powell to convey a tough message, further emphasizing the Central Bank's determination to curb inflation and control future price increase expectations.

Last Friday, Richmond Fed President Barkin emphasized that even in the face of recession risks, the Fed must remain committed to fighting inflation. A day earlier, three Fed officials also expressed similar views.

St. Louis Fed President Bullard expressed a preference for a 75 basis point rate hike in September. He believes that the policy rate should be raised quickly to a level that would significantly pressure inflation and questions the necessity of delaying the rate increase.

Kansas City Fed President George also holds a similar view, believing that although inflation may begin to ease, it remains at a high level. She warned that it is still too early to declare victory over inflation.

San Francisco Fed President Daly suggested raising interest rates slightly above 3% by the end of the year. She stated that the specific rate hike in September will depend on future economic data, with 50 or 75 basis points both being appropriate choices.

It is worth noting that the cryptocurrency market also seems to have been affected by these hawkish remarks, experiencing a significant drop last Friday.

A senior strategist at an investment institution believes that to achieve the 2% inflation target, the Fed may have to suppress economic growth. However, to promote economic development, the Fed may ultimately "accept coexistence with inflation." This policy shift is not expected to occur in the short term, but may gradually emerge in 2023.