Fed Chair Powell Says We Will Do Everything We Can To Achieve Goals
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has pledged to do everything within the Fed's power to achieve its goals. This statement comes amidst ongoing economic uncertainty.
September 20, 2023 | 6:39 pm
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NEUTRAL IMPACT
Fed Chair Powell's commitment to achieving the Fed's goals could influence investor sentiment and impact the SPY ETF, which tracks the S&P 500.
The Federal Reserve's actions have a significant impact on the overall economy, which in turn influences the S&P 500 and the SPY ETF that tracks it. However, without specific actions or policies mentioned, the impact remains uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50