Fed Chair Powell Says You Know Sufficiently Restrictive Only When You See It
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has made a statement suggesting that it's only possible to know when monetary policy is sufficiently restrictive when the effects become visible. This could imply a continuation of the current policy until clear signs of overheating are observed.
September 20, 2023 | 6:53 pm
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NEUTRAL IMPACT
The statement by Fed Chair Powell could impact the SPY ETF. If the Fed continues its current policy until signs of overheating, it could lead to increased market volatility, potentially affecting the value of SPY.
The Federal Reserve's monetary policy has a significant impact on the overall market. If the Fed continues its current policy until signs of overheating, it could lead to increased market volatility. As SPY is a broad market ETF, it could be affected by this potential volatility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50