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Reminder - Instant Answers - Powell's Speech

FED

Reminder: we will publish the answer to all of the questions about Powell's speech listed below once it is released Friday, scheduled at 10:05ET/15:05UK (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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