Jerome Powell: Speech, Aug 22, 2025

Fri, Aug 22SpeechHistory onlyJerome Powell

Updated

Markets

14 words · 7 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=3 from settlement history–
Chair Yes–new new word, no probability yet–
Employment / Unemployment 15+ timesYes–new new word, no probability yet–
Pandemic Yes–new new word, no probability yet–
Payroll Yes–new new word, no probability yet–
Tariff 5+ timesYes–new new word, no probability yet–
Inflation 50+ timesYes–n=1 too little history for a probability–
Good Morning No37%n=2 from settlement history–
Labor 25+ timesNo–new new word, no probability yet–
Rate cut No–new new word, no probability yet–
Russia No–new new word, no probability yet–
Summer No–new new word, no probability yet–
Trump No24%n=2 from settlement history–
Crypto / Bitcoin No17%n=2 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 21, 2026 04:22 UTC.

Transcript

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

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