Live from the Madzak Market Side overlooking New York City's Times Square,

this is Fast Money. I'm Melissa Lear. Traders on the desk for Steve Grasso,

Brian Kelly, Karen Feinerman, and Dan Nathan. A Powell Pause Wall Street

in wait and see mode as investors turn their attention to Jerome Powell's Pause Wall Street in Wait and See Mode,

as investors turn their attention to Jerome Powell's big speech tomorrow morning in Jackson Hole.

We're live on the ground with your setup.

We're also following a pair, a big after-hours mover, sales force, and bamware will tell you what's driving the

action in both these stocks and later Boeing shares taking flight will break down

what sent that stock soaring today but we begin with the great rate debate the

feds fight over the future playing out in real time in Jackson

Hall. The big focus now turns the Fed chair Jerome Powell's highly anticipated speech tomorrow morning.

Let's kick things off with Steve Leesman live in Jackson Hole, Wyoming for us.

And Steve, we certainly got a big dose of Fed Speak today at least.

Yeah, we did.

We have the first officials to speak at this annual gathering in Jackson Hole beneath the Teton's but they didn't necessarily tell the markets what they wanted to hear about the need for deep interest rate cuts in the months ahead.

I didn't think the cut was appropriate necessarily but I went along with it to get back

to neutral but I'm on hold right now.

My forecast is just to hold.

My sense was we've added accommodation and it wasn't it wasn't required in my view.

I think we're in a good place relative to the mandates that we're asked to achieve.

Now... mandates that were asked to achieve. Now Dallas Fed President Robert Kaplan said he wants to avoid cutting rates if he can, but he says

he's open-minded about rate cuts.

...