August 22, 2025· 18 min

Lots More on What Just Happened With the Fed at Jackson Hole

Michael McKee

Orality

Model

78%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostJoe Weisenthal(701 words)

M:29%

HostTracy Alloway(787 words)

M:94%

GuestMichael McKee(1,987 words)

M:28%

Oral Indicators

Agonistic24%

basically, certainly, obviously

Engagement54%

you, our, your

Memory Aids100%

listen, now, so

Repetition100%

they (41x), about (35x), it's (32x)

Parallelism63%

So why would I pay for stuff I..., But so somewhere around 25 to ..., So, Joe, if we keep doing this...

Sound Patterns81%

33 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases5%

i mean

Literate Indicators

Hedging18%

could, maybe, perhaps

Passive Voice6%

are published, being presented, are written

Abstract Nouns23%

investment, information, volatility

Subordination17%

until, because, while

Sentence Length32%

Avg: 12.9 words/sentence

Word Complexity46%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style46%

221 personal pronouns found

Descriptive Style70%

monthly, carefully, exactly

Description

We're still at the Kansas City Federal Reserve Bank's annual economic symposium in Jackson Hole, where we just heard Fed Chair Jerome Powell's big speech. The speech -- which opened the door to a September rate cut -- proved to be a dovish surprise to the market and stocks are now soaring because of it. But why did Powell decide to focus on what he sees as "downside" risks to the labor market as opposed to "upside" risks to inflation? On this episode, we speak to Bloomberg TV's Michael McKee, who's been to dozens of Jackson Hole meetings since the late 1990s. We talk with him about the speech, how Jackson Hole has changed over time, and who's in the running to replace Powell next year. Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox — now delivered every weekday — plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots See omnystudio.com/listener for privacy information.

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