Asset Allocation Bi-Weekly – White House vs. The Fed: The Looming Battle for US Monetary Policy (5/19/25)

President Trump has withdrawn his threat to fire Federal Reserve Chairman Jerome Powell for the time being, but the administration continues to criticize the Fed for postponing interest rate cuts and for its quantitative tightening policy, which increases the amount of bonds available in the market and thus requires higher interest rates to attract buyers. Confluence Associate Market Strategist Thomas Wash joins Phil Adler to discuss whether the Fed's independence is truly at risk and what this might mean for investors.