Fed Chair Powell Says There's No Consensus Agreement On How Long It Takes Monetary Policy To Affect Economy, But A Year And Change Is Not A Bad Way To Look At It
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell stated that there is no consensus agreement on the time it takes for monetary policy to impact the economy, but suggested that a year and change is a reasonable estimate.
June 22, 2023 | 2:36 pm
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Fed Chair Powell's statement on the uncertain timeframe for monetary policy impact may cause short-term uncertainty for the S&P 500 ETF (SPY).
Fed Chair Powell's statement highlights the uncertainty surrounding the time it takes for monetary policy to affect the economy. This may cause short-term uncertainty for the S&P 500 ETF (SPY) as investors try to gauge the potential impact of monetary policy changes on the market.
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