Mohamed El-Erian, Chief Economist at Allianz, wrote an analysis stating that Federal Reserve Chairman Powell will face significant challenges in the upcoming Jackson Hole meeting. This occasion is not only a stage for Powell to showcase the direction of monetary policy but also a critical moment to reestablish the effectiveness of forward guidance policies. El-Erian emphasized that if Powell fails to make good use of this opportunity, it could further damage the Fed's policy authority and reputation. Some Wall Street analysts and financial observers have called for the Federal Reserve to implement emergency interest rate cuts, but El-Erian believes such measures are unnecessary and may even backfire. Therefore, Powell's performance at Jackson Hole will be a focal point for the market, influencing future monetary policy trends and market expectations.