Fed's Goolsbee Says Powell Was 'Properly Sober' In Jackson Hole Speech
Portfolio Pulse from Happy Mohamed
Federal Reserve's Austan Goolsbee commented that Jerome Powell was 'properly sober' in his Jackson Hole speech, according to CNBC. The comment suggests that Powell's speech was appropriately cautious and realistic.
August 25, 2023 | 4:37 pm
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NEUTRAL IMPACT
The comment on Powell's speech may influence investor sentiment and impact the SPY ETF, which tracks the S&P 500 and is sensitive to Federal Reserve policy.
The SPY ETF is sensitive to changes in Federal Reserve policy. While the comment does not directly indicate any policy changes, it may influence investor sentiment and thus have an indirect impact on the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50