According to CoinMeta, analyst Gabriele Foa stated that it is expected that Federal Reserve Chairman Jerome Powell will provide important updates on how the Fed will address inflation during his speech at the Jackson Hole Symposium on Friday, especially after the mixed signals released at the July press conference. He pointed out that the Fed has been avoiding providing clear forward guidance, leading to abnormally high uncertainty in its policy response function. This uncertainty is causing the U.S. Treasury yield curve to steepen, with long-term yields becoming the main channel for releasing pressure. He also mentioned that this is somewhat contrary to the goal that Ben Bernanke attempted to achieve by lowering long-term yields, and may also indicate that the coordination between the Fed and the Treasury Department is lower than some market participants had previously anticipated.