Fed's Powell Says No Change In Approach According To Political Calendars; Tools Never Used To Support Or Oppose A Politician Or Party; Sticking To Our Part Benefits All Americans; That's Our Belief And How We Always Operate; Any Actions Before, During, Or After Elections Will Be Based On Data And Risk Balance
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Jerome Powell stated that the Federal Reserve's approach will not change according to political calendars. The Fed's tools are never used to support or oppose any politician or party. Powell emphasized that sticking to their part benefits all Americans and that any actions before, during, or after elections will be based on data and risk balance.
July 31, 2024 | 7:07 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The Federal Reserve's commitment to data-driven decisions and non-partisan actions is likely to provide stability to the market, positively impacting SPY in the short term.
The Federal Reserve's assurance of non-partisan, data-driven actions provides a sense of stability and predictability to the market, which is likely to positively impact SPY in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80