GOP Senator Rick Scott Rips Apart Fed's Monetary Policy Stance: 'Wouldn't Want To Have A Report Card If I Was Jay Powell Right Now'
Portfolio Pulse from Shanthi Rexaline
Senator Rick Scott criticized Federal Reserve Chair Jerome Powell for the Fed's balance sheet problems, blaming him and his predecessors for the increase from $800 billion to around $9 trillion. Scott also criticized the lack of accountability among Fed officials. The SPDR S&P 500 ETF Trust (NYSE:SPY) edged down 0.07% in premarket trading on Wednesday.
November 08, 2023 | 10:40 am
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The SPDR S&P 500 ETF Trust (NYSE:SPY) edged down 0.07% in premarket trading following Senator Rick Scott's criticism of the Federal Reserve.
The criticism of the Federal Reserve by Senator Rick Scott, which is a significant regulatory body, could lead to uncertainty in the market, potentially impacting the performance of the SPDR S&P 500 ETF Trust (SPY).
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