U.S. Treasury's Yellen Says Biden Has Driven A 'Remarkable Economic Recovery,' Restored U.S. Standing In World; 'Deeply Proud' To Serve With Biden And Harris, Looks Forward To Continue Advancing U.S. Leadership Abroad, Strong Economic Results At Home; Global Economy Remains Resilient, Driven In Large Part By U.S. Economic Performance
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen praised President Biden for driving a 'remarkable economic recovery' and restoring the U.S.'s global standing. She expressed pride in serving with Biden and Harris and looks forward to continuing to advance U.S. leadership and strong economic results. Yellen also noted the resilience of the global economy, driven largely by U.S. economic performance.
July 25, 2024 | 2:47 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may see positive short-term impacts due to Yellen's optimistic remarks about the U.S. economic recovery and global standing under President Biden's leadership.
Yellen's positive comments on the U.S. economy and its global impact could boost investor confidence, potentially leading to a short-term rise in SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50