Please, this has been under review for almost 2 years at this point? What's the status on this?
With a subscription fee like Adobe has it I don't think it's fair to expect to purchase third party apps for this basic functionality (like Excalibur).

Yes, there are currently two 3rd-party methods for doing this.
The easiest way is with Excalibur, but it can be slow, and it costs $75. Here's my review of it:
https://www.youtube.com/watch?v=jQmkyM4CCy4

A faster method is with my AutoHotKey preset() function, for which I've just finished a step-by-step tutorial that even a beginner can follow:
https://www.youtube.com/watch?v=T3vG8U5RoFw
This method is free, but if you've never used AHK before, it will take a few hours of scripting to set it up on your computer. Also, this solution is PC-only.

For most people, I would recommend Excalibur.

I still want this as a real feature in Premiere, though.

Hi everyone! If you still haven't tried out the plug-in I mentioned in my last post, Excalibur (https://knightsoftheeditingtable.com/) is the easiest way you can assign keyboard shortcuts to ALL of your favorite Effects, Effect Presets and Transitions TODAY! There's no need to wait for this anymore :) (see illustration)

Unfortunately, Excalibur can't assign shortcuts to Transition Presets yet because of a limitation in Pr. I've created a FR asking Adobe to fix this. Please take a look and vote here! https://adobe-video.uservoice.com/forums/911233-premiere-pro/suggestions/42736877-update-api-to-allow-3rd-party-software-to-assign-s

Thanks!

I need to create my effects presets and have the ability to add shortcuts to use them.

Premiere is still so primitive when it comes to saving effects presets and applying them to hotkeys, but I just tried Pierre's plugin Excalibur, and it fixes a lot of this. It would still be nice to be able to have certain custom effects presets (like slides from all four directions and reverse slides from all directions) without having to configure them manually each and every time. But this plugin is a good start towards fixing what Adobe should have done years ago.

Hi Jonas, it is! I can't imagine ever going back to editing without it! Check out my FB post linked in my previous post to see a few of the other things it does. And this is v1.0.0. It's only going to get even better moving forward! :)

I though about jumping ship to Davinci Resolve, but not anymore that we have Premiere+Excalibur!

If the plug-in in Pierre's post is real... game changer indeed.

SOLVED!!!!!!

There's no more need to wait for Adobe to add this basic functionality anymore! There's a new plug-in that just came out today that allows us to easily assign shortcuts to any and all of our favorite Effects, Presets and Transitions!

This plug-in also provides solutions to well over a dozen other common FRs. You can find out more about it here: https://www.facebook.com/groups/1638270639681590/permalink/1766467540195232

I've been extensively beta testing it for over a month and it's a game changer!

Thanks adobe in advance

It would be so much more practical to be able to assign shortcuts to effects instead of always have to drag the effect on the clip on the time line.
There are short cuts for everything else (for things I use a whole lot less), so why not make avail for effects?
Thanks

Please make this happen!

@Taran

Yep, I have a set up similar to that but as near as I can tell there's no way to navigate with the kb below the search box and into the actual effects themselves. So although it saves me a mouse trip to search, if I actually want to apply any effect to a clip I need to drag and drop.

I've been using your workaround with AHK [sidebar: Thank you! :)] but if premiere's effects window behaved like any normal application window then creating a reliable, repeatable macro would be trivial instead of the Sisyphean punishment that it is today.

I just don't see why so many of premiere's windows are locked down in the first place (see also: Essential Graphics panel) . No arrow key navigation, tabbing or basic copy/paste commands... ¯\_(ツ)_/¯

@Brecon
You can have keyboard navigation in the effects panel.
Open the keyboard shortcuts panel.
Assign the keyboard shortcut "F1" to Window > Effects.
Assign the keyboard shortcut "F2" to "Select Find Box"
Hit "OK."
Now, hit F1 and then F2. The Effects panel's find box is now highlighted. Now you can search for effects and presets by typing away to your heart's content!

Any news on effects shortcuts ? (or even just allowing keyboard navigation in the effects panel). It's two and a half years and 558 votes later...

So... the playhead request (stopping playhead over clip selects clip) works some/most of the time (but not ALL of the time!), so that's great, but we still can't assign effect presets to keyboard shortcuts. This would save SO MUCH time in my everyday. 550 votes and "under review" since June of 2019. Let's make it happen!

This would make editing vertical video for socials soooooo much easier. The way it is now I have to drag my -90 deg rotation preset onto everything I drag onto the timeline.
It's so tedious, since a Transform or an Adjustment Layer don't quite work. (Adj layer just rotates the adjustment not the video under it, Transform does rotate it but then ends up cropping it to a square).

Please, This would be massively helpful. Include essential sound presets as well please.

I just want to reenforce this, this would be such a huge timesaver

YES!!!!!!!!!! Adobe, give use 10, or better yet 20 customizable shortcuts so we can apply our most used effects to clips with a single key press! This would be a HUGE time saver!

I second that! just to flip an image is too many clicks and typing away