Jerome Powell: Keynote, May 15, 2025

Thu, May 15KeynoteHistory onlyJerome Powell

Updated

Markets

37 words · 10 settled yes

backtest The probabilities on settled rows are a walk-forward backtest: the model as of before each event, computed after Parrot went live; they were not published at the time.

Listed words: result, and the probability (a walk-forward backtest on settled rows)
WordResultProbabilityMarket
Recession Yes58%n=2 from settlement history–
Depression Yes–new new word, no probability yet–
Dual Mandate Yes–new new word, no probability yet–
ELB / Effective Lower Bound Yes–new new word, no probability yet–
FOMC / Federal Open Market Committee Yes–new new word, no probability yet–
Framework Yes–new new word, no probability yet–
Laubach Yes–new new word, no probability yet–
Uncertainty Yes–new new word, no probability yet–
Unemployment Yes–new new word, no probability yet–
Good Morning Yes–n=1 too little history for a probability–
GDP / Gross Domestic Product No–n=1 too little history for a probability–
Energy No–n=1 too little history for a probability–
AI / Artificial Intelligence No–new new word, no probability yet–
Beige Book No–new new word, no probability yet–
Climate No–new new word, no probability yet–
COVID 3+ timesNo–new new word, no probability yet–
Crypto / Bitcoin No–new new word, no probability yet–
Downbeat No–new new word, no probability yet–
Forward Guidance No–new new word, no probability yet–
Immigration No–new new word, no probability yet–
Inflation 40+ timesNo–new new word, no probability yet–
Inflation 50+ timesNo–new new word, no probability yet–
QE / Quantitative Easing No–new new word, no probability yet–
Slowdown No–new new word, no probability yet–
Tariff 15+ timesNo–new new word, no probability yet–
Unemployment 15+ timesNo–new new word, no probability yet–
Balance Sheet No–new new word, no probability yet–
Cooling Inflation No–new new word, no probability yet–
Dot Plot No–new new word, no probability yet–
FAIT / Flexible Average Inflation Target No–new new word, no probability yet–
Flexibility No–new new word, no probability yet–
Median No–new new word, no probability yet–
R* / R-star / R star No–new new word, no probability yet–
Resilience No–new new word, no probability yet–
Restrictive No–new new word, no probability yet–
Transitory No–new new word, no probability yet–
China No–n=1 too little history for a probability–

Market prices are mid quotes from Kalshi and Polymarket, shown for context, may be delayed by several minutes and are not a signal. Quotes as of Oct 21, 2026 04:22 UTC.

Transcript

No transcript source yet. The results above are how the venues settled the markets.

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