Fed Chair Powell Says We Are Well Aware Of The Two Sided Risks We Face; We Know If We Wait Too Long Or Move Too Quickly They Would Both Have Negative Consequences; We Are Trying To Manage Those Risks; We Don't Think It Will Be Appropriate To Loosen Policy Until We Are More Confident On Inflation; I Think Our Current Approach Is The Right Way To Think About It
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell emphasized the awareness of the dual risks in monetary policy, stating that both delaying and hastening actions could have negative consequences. The Fed aims to manage these risks and does not plan to loosen policy until there is more confidence in controlling inflation. Powell believes the current approach is appropriate.
June 12, 2024 | 7:18 pm
News sentiment analysis
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NEUTRAL IMPACT
Fed Chair Powell's comments on managing dual risks in monetary policy and the need for confidence in inflation control before loosening policy could lead to short-term volatility in SPY.
Powell's comments suggest a cautious approach to monetary policy, which could lead to market uncertainty and short-term volatility in SPY. However, the overall impact is neutral as the Fed's stance remains unchanged.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80