Fed Chair Powell Says We're A Long Way From Point Of Fiscal Policy Overwhelming Monetary Policy; We Need To Get Back To Discussion Of Fiscal Sustainability; Hope We Go Back To A Place Where Those Discussions Are Happening Again; Looking At Some Liquidity Innovations In The Wake Of SVB; Not Close Yet To Finalizing Those
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell emphasized the distance from fiscal policy overwhelming monetary policy, stressing the need for discussions on fiscal sustainability. He expressed hope for a return to such discussions and mentioned exploring liquidity innovations post-SVB, though finalizations are not yet close.
March 07, 2024 | 4:44 pm
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NEUTRAL IMPACT
Fed Chair Powell's comments on fiscal policy and liquidity innovations may influence market sentiment, potentially impacting SPY as it reflects the broader market.
Powell's remarks on fiscal policy and liquidity measures post-SVB could lead to cautious optimism or uncertainty in the market, affecting the SPY ETF which mirrors the performance of the S&P 500. However, without specific policy changes announced, the immediate impact may be neutral.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75