READ HERE: 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.”