1. Federal Reserve's Williams – September 22, 10:05 PM Beijing Time This speech is worth paying close attention to because Williams is an important member of the FOMC, and this speech comes less than a week before the September rate hike decision. His previous stance has been relatively cautious. Williams' earlier logic was: inflation is expected to continue declining → no need to overtighten for now → but if inflation deviates again from the 2% path, a rate hike is possible. Therefore, if he discusses whether inflation is re-accelerating, oil prices, the labor market, and the next FOMC meeting on Tuesday, the market will be highly attentive. 2. Federal Reserve's Williams – September 24, 4:10 PM Beijing Time This time, it will be a moderated discussion + Q&A, rather than a prepared speech. The New York Fed has explicitly stated there will be a Q&A session. From a trading perspective, this event might be even more noteworthy than the one on September 22. Williams may provide more direct information. 3. Federal Reserve's Williams – September 25, 5:15 PM Beijing Time The theme is: Policy Panel (Monetary Policy Discussion). This will also include a moderated Q&A session. According to the schedule released by the New York Fed, this discussion will be publicly available online. Therefore, Williams will actually have three consecutive public appearances this week.