Internet reports that investment banks 'expectations for interest rate cuts at the upcoming Jackson Hole meeting are clearly divided. State Street Investment expects Powell to pave the way for a September interest rate cut, while ANZ believes he may imply a return to interest rate normalization. UBS believes Powell may prefer a rate cut in September, while Russell Investment points out that the rate cut may be 25 basis points. ING mentioned that Fed officials 'concerns about the job market could lead to a more moderate stance. Bank of America is skeptical of rate cuts, believing Powell will have a chance to speak out at the meeting.