Powell: Over Next Year Or Two, Capital Changes Will Not Have Much Of An Effect On Economy; There Isn't A Conflict Between Bringing Down Inflation And Setting Bank Capital
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell stated that capital changes in the next year or two will not significantly impact the economy. He also mentioned that there is no conflict between reducing inflation and setting bank capital.
June 21, 2023 | 3:37 pm
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NEUTRAL IMPACT
Powell's statement on capital changes and bank capital may have a neutral impact on KBE in the short term.
As the head of the Federal Reserve, Powell's statements carry weight in the financial sector. However, his comments suggest that there will be no significant changes in the short term, leading to a neutral impact on KBE, a bank ETF.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Powell's statement on capital changes and bank capital may have a neutral impact on KRE in the short term.
Powell's comments suggest no significant changes in the short term, leading to a neutral impact on KRE, a regional banking ETF. His statements carry weight in the financial sector as the head of the Federal Reserve.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Powell's statement on capital changes and bank capital may have a neutral impact on SPY in the short term.
As the head of the Federal Reserve, Powell's statements can influence the broader market. However, his comments suggest no significant changes in the short term, leading to a neutral impact on SPY, an S&P 500 ETF.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Powell's statement on capital changes and bank capital may have a neutral impact on XLF in the short term.
Powell's comments suggest no significant changes in the short term, leading to a neutral impact on XLF, a financial sector ETF. His statements carry weight in the financial sector as the head of the Federal Reserve.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50