Fed Chair Powell Says Paper Losses On Fed's Balance Sheet Have No Effect On Our Ability To Do Monetary Policy
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell stated that paper losses on the Fed's balance sheet do not impact their ability to conduct monetary policy.
June 22, 2023 | 2:33 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on paper losses not affecting monetary policy may provide stability for the market, including the SPY ETF.
Fed Chair Powell's statement reassures investors that the Fed's ability to conduct monetary policy remains unaffected by paper losses. This may provide stability for the market, including the SPY ETF, as it indicates that the Fed will continue to manage monetary policy effectively.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50