The global Central Bank annual meeting is about to be held, and Fed officials are frequently making hawkish remarks.

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, which may provide important clues for the future direction of U.S. monetary policy.

Before Powell expressed his views, several senior Fed officials had already taken a tough stance, seemingly setting the tone for the upcoming speech. Observers expect that Powell may emphasize the Central Bank's determination to curb inflation and control price rise expectations.

Last Friday, Richmond Fed President Barkin stated that even in the face of recession risks, the Fed must remain committed to fighting inflation. The day before, three Fed officials also made hawkish remarks.

Brad, the president of the St. Louis Fed, who is seen as a big hawk at the Fed, tends to favor a 75 basis point rate hike in September. He stated that the policy rate should be raised quickly to a level that would put significant downward pressure on inflation, and he questioned the necessity of delaying the rate hike until next year.

Kansas City Fed President George shares a similar view, believing that while there are signs of easing U.S. inflation, it remains high. She warned that it is still too early to declare victory over inflation.

Even the relatively dovish San Francisco Fed President Daly stated that the Fed should slightly raise interest rates to above 3% by the end of the year. She noted that the specific rate hike in September will depend on the upcoming economic data, with 50 or 75 basis points both being appropriate options.

Petersen, a senior investment strategist at BlackRock Investment Institute, believes that to achieve the 2% inflation target, the Fed will have to take measures to suppress the economy. However, to promote growth, the Fed may ultimately "accept coexistence with inflation." This policy shift may not occur until 2023, later than the market currently expects.

Against the backdrop of frequent hawkish remarks from Fed officials, the cryptocurrency market has also shown significant volatility, experiencing a sharp decline last Friday. This reflects the market's concern that the Fed may continue to tighten monetary policy.