Fed's Goolsbee Says There Seems Some Confusion In Markets To How FOMC Actually Works; No Contradiction Between What John Williams And Jay Powell Said Over Past Week; We Do Not Want To Pre-Commit What We Are Going To Do At Future Meetings
Portfolio Pulse from Benzinga Newsdesk
Fed member Goolsbee clarifies that there is no contradiction between recent statements by John Williams and Jay Powell, emphasizing that the Fed does not pre-commit to future actions and that there seems to be confusion in the markets regarding how the FOMC operates.
December 18, 2023 | 1:43 pm
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POSITIVE IMPACT
Fed's Goolsbee's comments may reduce uncertainty in the markets, potentially stabilizing or positively impacting the SPY ETF which tracks the S&P 500.
Goolsbee's attempt to clarify the Fed's communication could ease investors' concerns about the direction of monetary policy, which might lead to a more stable or positive sentiment for the SPY ETF in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70