Fed's Powell Says Critically Important Banks Are Willing, Able To Use Discount Window; Says One Reason Banks Don't Want To Borrow At Discount Window Is That Bank Names Are Made Public, With A Lag
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell emphasized the critical importance of banks being willing and able to use the discount window. He noted that one reason banks hesitate to borrow at the discount window is the public disclosure of their names, albeit with a lag.
June 22, 2023 | 3:31 pm
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NEUTRAL IMPACT
Fed's Powell stresses the importance of banks using the discount window, which may impact the overall market sentiment and affect the SPY ETF.
While the news is focused on the Federal Reserve's stance on the discount window, it does not directly mention the SPY ETF. However, the overall market sentiment may be influenced by the Fed's actions and statements, which could indirectly affect the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50