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SPY

Federal Reserve Chairman Jerome Powell stated that the reversal of supply and demand distortions, along with restrictive monetary policy, are contributing to the reduction of inflation. He acknowledged significant progress in this area, but also emphasized that there is still more work to be done to fully stabilize inflation.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:09 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the current restrictive monetary policy is achieving its intended effects. This statement suggests that the measures taken by the Fed to control inflation and stabilize the economy are working as planned.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:08 pm

SPY

Federal Reserve Chairman Jerome Powell stated that reducing inflation to the 2% target will take time, but he is confident of success. He acknowledged significant progress in the fight against inflation.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:07 pm

SPY

Federal Reserve Chairman Jerome Powell emphasized that the Fed's decisions will remain unaffected by political events, including pending elections, stating these factors do not influence their policy-making process.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:05 pm

SPY

Fed Chair Jerome Powell stated the Federal Reserve is committed to taking necessary actions at appropriate times to maintain economic stability, indicating a flexible approach to future policy decisions.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:04 pm

SPY

Fed Chair Powell emphasized the current focus on maintaining the level of monetary restriction, indicating that the duration and patience required for restrictive monetary policy to be effective will depend on incoming data and the evolving economic outlook.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:03 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the current 3% inflation rate is not satisfactory and emphasized the commitment to return inflation to the 2% target over time. Powell believes the Fed's current stance is appropriate to achieve this goal.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:02 pm

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SPY

Major stock indexes rose after the Federal Reserve decided to leave interest rates unchanged. Fed Chair Powell indicated that the next policy move is unlikely to be a rate hike, suggesting a potentially dovish stance on future monetary policy.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:01 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed believes its current policy stance is appropriate given the current economic situation. This statement suggests that the Federal Reserve is confident in its existing monetary policy measures to address economic conditions.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:00 pm

SPY

Federal Reserve Chairman Jerome Powell indicated that there could be a significant increase in the potential economic output, which may influence future monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:00 pm