Fed's Powell Says We Think Of Maximum Employment As A Broad And Inclusive Goal; We Don't Have Tools To Address Distribution And Historical Inequities
Portfolio Pulse from Happy Mohamed
Federal Reserve Chairman Jerome Powell stated that the Fed views maximum employment as a broad and inclusive goal, but lacks the tools to address distribution and historical inequities. This statement was made during a recent event.
June 21, 2023 | 4:26 pm
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NEUTRAL IMPACT
Fed's Powell acknowledges the limitations of the Federal Reserve in addressing distribution and historical inequities, which may impact investor sentiment.
Although the statement by Fed's Powell does not directly impact the SPY ETF, it may influence investor sentiment as it highlights the limitations of the Federal Reserve in addressing certain economic issues. This could lead to a neutral short-term impact on the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50