Asset Allocation Bi-Weekly – The Price of Central Bank Independence (7/29/24)

As the Federal Reserve delayed interest rate cuts this year, signs of impatience have become more evident. For one thing, we've read and heard opinions in recent months questioning the current working relationship between the Fed and the federal government known as central bank independence. The bottom line seems to be that the Fed might be more responsive to the desires of the people if the executive branch exerted more influence. Associate Market Strategist Thomas Wash discusses the price we pay for central bank independence and takeaways for investors.