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SPY

Federal Reserve Chairman Jerome Powell stated that the Fed views interest rate policy and balance sheet policy as independent tools. He also mentioned that the Fed is carefully monitoring the balance sheet runoff.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 8:12 pm

SPY

Fed Chair Powell indicated that the Federal Reserve is not rushing its monetary policy decisions and would be surprised if inflation moves back up, expressing more concern that inflation could stabilize at an elevated level.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:58 pm

SPY

Federal Reserve Chairman Jerome Powell indicated that once the current economic momentum fades, the impact of the Fed's restrictive policies will likely become more pronounced. This suggests that the central bank's efforts to curb inflation could lead to a sharper economic slowdown in the future.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:54 pm

SPY

Fed Chair Jerome Powell indicated that in a scenario where the economy remains healthy with a strong labor market, the Federal Reserve can afford to be cautious regarding the timing of interest rate cuts. This suggests a careful approach to monetary policy adjustments to avoid disrupting a stable economic environment.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:47 pm

SPY

Federal Reserve Chairman Jerome Powell indicated that the central bank is carefully balancing the risks of acting too soon against those of acting too late in terms of monetary policy adjustments. The timing of any potential interest rate cuts will be closely tied to the Fed's confidence in the economic outlook.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:45 pm

SPY

Fed Chair Powell emphasized that as inflation decreases, real interest rates theoretically increase, but monetary policy cannot be adjusted mechanically. The Fed is currently prioritizing risk management in its approach to policy decisions.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:44 pm

SPY

Fed Chair Powell indicated the Fed is seeking a point of confidence regarding inflation to start reducing restrictive measures. The Fed requires sustainable evidence of declining inflation before easing policies.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:43 pm

SPY

Federal Reserve Chairman Jerome Powell indicated that there is a consensus among the committee members that it will be appropriate to reduce interest rates. This statement suggests a potential shift in monetary policy to address economic conditions.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:42 pm

SPY

Fed Chair Jerome Powell emphasized the need for more evidence to confirm the current economic trends, indicating that the Federal Reserve seeks assurance of a sustainable path towards achieving the 2% inflation target. This statement suggests a cautious approach to monetary policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:41 pm

SPY

Fed Chair Jerome Powell emphasized the importance of balancing the reduction of policy restraint to avoid reversing progress on inflation while also being cautious not to weaken the economy by acting too late. The Fed will make decisions based on incoming data and the balance of risks.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:37 pm