Wall Street Reacts To Powell''s Brief Jackson Hole Speech Wall Street Reacts To Powell''s Brief Jackson Hole Speech Powell''s J-hole speech was a paltry 1,301 words and was over in just about 8 minutes, far below the 30 minutes scheduled, and despite the remarkable brevity, it still left Wall Street with conflicting views about what he said: the doves said it was not hawkish enough, while the hawks pointed to Powell''s warning that pain lies ahead for households and businesses due to "higher interest rates, slower growth, and softer labor market conditions." And while the market tries to find the correct level now that Powell is done with kneejerk moves first lower, then higher, and now lower again, below we excerpt from some of Wall Street''s first notable reactions to Powell''s speech: Dennis DeBusschere, founder of 22V Research: “This is not game-changing hawkish. At all. His comments are just making it clear that inflation still needs to slow and they will continue to push back against easier financial conditions until mission accomplished -- or they think mission accomplished. " Neil Dutta of Renaissance Macro: “Powell is being more upfront about the pain required to bring inflation to the Fed’s longer run objectives.‘Reducing inflation is likely to require a sustained period of below-trend growth." Bloomberg Economics’ Anna Wong: “Well that was quick!