Will Powell say "Distortion" during March press conference?

Analysis

The current market probability for Powell saying 'Distortion' is 28%, reflecting low expectations. Given the economic context—rising oil prices, persistent inflation, and stagflation concerns—Powell's focus will likely be on terms like 'inflation' (78.5% for 40+ mentions), 'housing' (93%), and 'volatile' (94.7%), which align with pressing issues. Historical precedent suggests Powell avoids niche terms like 'distortion' in favor of standard economic language, and no recent news or prior usage indicates a shift. While unexpected topics can arise in Q&A, the probability seems appropriately priced, and I lack a specific edge over the market. My slight lean to 'NO' is based on the thematic focus of recent Fed communications, but I stay close to market odds with moderate confidence.