Fed's Powell Says The Idea Is That All Us Financial Regulatory Agencies Will Move As A Group, To Put Proposal Out For Comment; Says No Calendar Date For When Comment Period Will Be, Hope To Bring It All To Conclusion In First Half Of Next Year
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell announced that all US financial regulatory agencies will collaborate to release a proposal for public comment. There is no set date for the comment period, but the aim is to conclude the process in the first half of next year.
September 18, 2024 | 7:18 pm
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NEUTRAL IMPACT
The announcement by Fed Chair Powell about a coordinated regulatory proposal could impact the SPY ETF, as it reflects potential changes in the regulatory environment affecting the broader market.
The SPY ETF, which tracks the S&P 500, could be influenced by changes in financial regulations. However, the lack of specific details and timeline means the immediate impact is neutral.
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