Fed Chair Powell Says It's Critical For The Fed To Stick To Its Mandate And Avoid The Temptation To Expand It
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell emphasized the importance of the Federal Reserve sticking to its mandate and avoiding the temptation to expand it, as stated in an interview with Bloomberg TV.
July 15, 2024 | 5:19 pm
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POSITIVE IMPACT
Fed Chair Powell's comments on sticking to the Fed's mandate could signal a steady approach to monetary policy, which may stabilize market expectations.
Powell's emphasis on adhering to the Fed's mandate suggests a predictable and steady approach to monetary policy, which is generally favorable for market stability. This could positively impact SPY in the short term as it reduces uncertainty.
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