Will Powell say the word 'recession' at tomorrow's press conference?

The Fed chair speaks for about an hour after the rate decision on 29 July, and every word is transcribed. Inflation just cooled to 3.5% while gas prices spike, exactly the mix that makes reporters ask the r-word question, and makes a careful chairman decide whether to repeat it.

Resolves YES if Jerome Powell himself says the word 'recession' (including plurals) at any point during the July 2026 FOMC press conference. Reporters' questions do not count, only words out of his mouth.

Source: the Federal Reserve's official press conference transcript, published within days of the event.

Settles once the official transcript is up; closes 29 July 2026, 2:25pm ET, just before he takes the podium.

If the press conference is cancelled, this voids and refunds.