Watch Live: Fed Chair Powell Speaks At Jackson Hole

You're heard all the previews (here, here, here, and here), warning of disappointment.

You've listened to the under-card (Bostic, Bullard, and Harker all equanimously hawkish)

You've seen the decoupling between the market (tighter sooner then easier longer) and The Fed (tighter for longer, not easier for a while)...

Now it's time for the main event...

As Mohamed El-Erian warned:

"I know what they should do, which is they should not blink..."

As a final point of reference, the market priced in a 48% chance of a 75bps hike in September right before Powell spoke...

Watch Fed Chair Jerome Powell deliver his Jackson Hole speech live (due to start at 1000ET):

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