Thatlightcan have thisunexpectedlifteffect started with averysimplequestion, Swartzlandersays: "ifwehavesomething in the shapeof a wing and we shinelightthroughit, whathappens?"
In either case the weakening effect on the dollar should lift short-term earnings prospects for American exporters and the positive market response should spur consumer spending via the wealth effect.
The Fed's explicit goal has been to lift asset prices as a way to create a "wealth effect, " which is supposed to boost consumer and business confidence.