"[Allianz Chief Advisor: Hoping Federal Reserve Chair Walsh Focuses on Long-Term Structural Issues] Odaily Planet Daily News – Allianz Chief Advisor Mohamed El-Erian stated: 'Federal Reserve Chair Walsh is about to deliver his first Jackson Hole keynote speech during his tenure. At this critical moment, he faces a delicate challenge: how to respond to the market and the diverse expectations from various sectors. On one hand, some hope he will continue the tradition of previous Federal Reserve Chairs by providing forward guidance while elaborating on his current policy response mechanism—specifically, how the Fed will make policy decisions in response to changes in economic data and circumstances. On the other hand, others hope he will return to the original long-term strategic focus of this unique conference. This would mean placing greater emphasis on the increasingly complex and growing domestic economic and policy issues in the U.S., against the backdrop of deep structural changes driven by technological innovation and geopolitical economics. Striking a balance between these two expectations is no easy task. This balance is not only difficult to achieve but is almost certain to leave some dissatisfied. Meanwhile, external policy factors beyond the Fed further complicate decision-making. Nevertheless, Walsh's speech will undoubtedly provide an important window for the market to gain deeper insight into the policy philosophy and leadership style of the new Federal Reserve Chair. Personally, I hope his speech will focus more on long-term structural issues, especially given the significant differences of opinion within the current FOMC.'”