Short answer - yes - >3000 FPS from a 22" barrel with factory ammo.

Longer answer - My friend has a 22" barreled Savage 6.5 Creed that I think he paid about $300 for at Walmart including a 3x9 Weaver scope. We went out to sight it in in preparation for a Montana antelope hunt this fall, with Hornady factory 120 grain GMX ammo. The box said the ammo would do 3050 FPS. The average for the groups we fired over my 35P was 3051 FPS! And none of the groups were more than 1 MOA. Right outta the box. Kind of makes all our rifle looney accuracy chasing seem kinda silly and expensive, doesn't it. At least it does to my buddy. He's a happy camper. Killed his goat with one shot on the first morning.

Cheers,
Rex