Jerome Powell: Speech, Sep 23, 2025

Tue, Sep 23SpeechHistory onlyJerome Powell

Updated

Markets

33 words · 8 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
Pandemic Yes67%n=2 from settlement history–
Balance of Risk Yes–n=1 too little history for a probability–
Pardon Yes–new new word, no probability yet–
Uncertainty 5+ timesYes–new new word, no probability yet–
Beige Book Yes–n=1 too little history for a probability–
Restrictive Yes–n=1 too little history for a probability–
AI / Artificial Intelligence Yes27%n=2 from settlement history–
Credit Yes–n=1 too little history for a probability–
Recession No39%n=4 from settlement history–
Bitcoin No–new new word, no probability yet–
Fort Knox No–new new word, no probability yet–
Gold No–new new word, no probability yet–
Goods inflation No–new new word, no probability yet–
National Debt No–new new word, no probability yet–
Obvious No–new new word, no probability yet–
Probability No–new new word, no probability yet–
QT / Quantitative Tightening No–new new word, no probability yet–
Tariff Inflation No–new new word, no probability yet–
Tax No–new new word, no probability yet–
Unchanged No–new new word, no probability yet–
Volatility No–new new word, no probability yet–
Gas / Gasoline / Natural Gas No–n=1 too little history for a probability–
Trade War No–n=1 too little history for a probability–
Yield Curve No–n=1 too little history for a probability–
QE / Quantitative Easing No–n=1 too little history for a probability–
Good Afternoon No25%n=3 from settlement history–
Anchor No–n=1 too little history for a probability–
Consumer Confidence No–n=1 too little history for a probability–
Projection No–n=1 too little history for a probability–
Soft Landing No–n=1 too little history for a probability–
Median No19%n=2 from settlement history–
Dot Plot No19%n=2 from settlement history–
Trump No15%n=4 from settlement history–

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 20, 2026 15:46 UTC.

Transcript

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

Agents: this page as TSV at /api/v1/brief?event=k%3AKXPOWELLMENTION-25SEP23 · columnar JSON in #parrot-data · llms.txt · MCP