Federal Reserve Chair Jerome Powell's Friday speech showed the central bank was increasingly dovish, which can mean good news for small-cap stock performance, according to Tom Lee, head of research at Fundstrat. "The Fed acknowledging that the risks now are tilted to the labor market to be softening … especially because they don't think that tight labor markets are going to create inflation, that's a very good sign," Lee said on CNBC's "Squawk on the Street" Friday morning. "I think it means we have a dovish Fed again," Lee added. "That's kind of a green light for small caps." Lee's comments refer to Powell's Jackson Hole, Wyo., speech , where he indicated that interest rate cuts could be on the table but that the central bank was moving "carefully." Powell also said that there appears to
Fed is 'dovish' again — a 'green light' for small caps, Fundstrat's Tom Lee says

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