Fed's Powell Says Changes Proposed From Fed Vice Chair Barr Were Done With My Input, Support; When Asked About Basel 3 Changes, Says Are Happening With His Support
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell confirmed that the proposed changes from Fed Vice Chair Barr were made with his input and support. He also stated that the Basel 3 changes are occurring with his backing.
September 18, 2024 | 7:17 pm
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The SPDR S&P 500 ETF (SPY) may experience volatility as Federal Reserve Chair Powell supports regulatory changes, including Basel 3, which could impact financial markets.
The SPY ETF, which tracks the S&P 500, could be affected by regulatory changes supported by Fed Chair Powell. These changes, including Basel 3, may influence market conditions and investor sentiment, leading to potential volatility in the short term.
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