Fed's Powell Says I Continue To Think There Is A Path To 2% Inflation Without Large Losses Of Employment; A Strong Labor Market That Gradually Cools Could Aid A Soft Landing
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell believes there is a path to 2% inflation without significant job losses, suggesting that a strong labor market that gradually cools could aid a soft landing.
June 14, 2023 | 7:09 pm
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Fed's Powell's comments on a path to 2% inflation without large job losses and a gradually cooling labor market could lead to a soft landing, potentially stabilizing the market.
Powell's comments suggest that the Federal Reserve is aiming for a balanced approach to inflation and employment, which could lead to a stable economic environment. This stability may positively impact the overall market, including the SPY ETF, as investors gain confidence in the Fed's approach.
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