Fed's Mester Will Retire June 30, 204 Due To Fed Rules
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's Loretta Mester announced her retirement effective June 30, 204 due to Fed rules. This may cause some changes in the Federal Reserve's policy stance.
November 08, 2023 | 3:36 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The retirement of Loretta Mester from the Federal Reserve may cause some changes in the Federal Reserve's policy stance, which could impact the SPY ETF.
The retirement of a Federal Reserve official can lead to changes in the policy stance of the Federal Reserve. This can impact the overall market, and thus the SPY ETF, which tracks the S&P 500. However, the exact impact will depend on who replaces Mester and their policy views.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50