Chicago Fed's Goolsbee Says Fed Should Have "100% Commitment" To Returning Inflation To 2%; The Target Will Not Change; If Fed Were To Undermine The Target And "Give Up," It Defeats The Purpose Of Having A Target
Portfolio Pulse from Benzinga Newsdesk
Chicago Fed's Goolsbee stated that the Federal Reserve should have a '100% commitment' to returning inflation to 2%, emphasizing that the target will not change. He warned that undermining the target and 'giving up' would defeat the purpose of having a target.
September 25, 2023 | 12:39 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The statement by Chicago Fed's Goolsbee about the Federal Reserve's commitment to the 2% inflation target could impact the SPY ETF, which tracks the S&P 500 and is sensitive to monetary policy changes.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in monetary policy. Goolsbee's statement reaffirms the Fed's commitment to its inflation target, which could influence investor sentiment and potentially impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50