The Central Bank annual meeting is approaching, Fed officials' statements attract follow.

Next Friday, global investors will focus on the Jackson Hole Global Central Bank Conference held in Wyoming. Fed Chairman Powell will deliver a speech at the conference, discussing the economic outlook, and his remarks may signal the future direction of interest rates in the United States.

Before Powell's speech, several Fed officials have recently made hawkish remarks, seemingly setting the tone for the annual meeting. Observers expect that Powell may emphasize the Central Bank's determination to curb inflation and control price expectations.

Last Friday, Richmond Fed President Barkin stated that even in the face of recession risks, the Fed must continue to combat inflation. The day before, three Fed officials also expressed hawkish views.

St. Louis Fed President Bullard favors a 75 basis point rate hike in September. He believes that rates should be raised quickly to a level that can significantly curb inflation and questions the necessity of delaying rate hikes until next year. Bullard emphasized that the current economic situation is good, but inflation remains high, and continuing to raise rates is reasonable.

Kansas City Fed President George also holds a hawkish stance. She believes that although the July inflation data is encouraging, it is still too early to declare that inflation is under control.

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 economic data, with a 50 or 75 basis point increase both being appropriate choices. Daly also emphasized that the Fed does not want the market to perceive its policy path as "hump-shaped."

These hawkish comments seem to have affected the cryptocurrency market, which saw a significant drop last Friday.

A senior strategist at an investment institution believes that to achieve the 2% inflation target, the Fed will have to suppress economic growth. However, in the long term, the Fed may "accept coexistence with inflation" at some point. This policy shift may not occur until 2023, later than the market expects.