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Instant Answers - Powell's Speech At Jackson Hole


We've selected several questions regarding the Fed chair's keynote Jackson Hole speech we think could be market moving and will publish the answer to all of the questions listed below once Powell's speech is released Friday (see our Jackson Hole preview for more). The questions that we have selected are as follows:

  • Does Powell say the Fed expects to lower rates by the end of 2023?
  • Does Powell say the next adjustment to the fed funds rate is likely to be a cut?
  • Does Powell say inflation can return to target without any further increases in the fed funds rate?
  • Does Powell mention "R*", "long run rate of interest" or "neutral rate"?
  • If Yes, does Powell say that R* is likely higher?
  • Does Powell say the Fed is prepared to hike beyond the June SEP projections?
  • Does Powell say there are upside risks to June SEP fed funds rate projections?
  • Does Powell say policy will need to remain restrictive for a "long," "substantial," or "extended" period of time?

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