Asset Allocation Weekly - Powell and Fed Independence (9/10/2021)

It appears likely that Jerome Powell will be nominated by President Biden to serve another term as Fed Chair, but that doesn't mean there isn't significant opposition. The nature of this opposition calls into question the fundamental relationship between the Fed and Congress, which could eventually have a significant impact on investors. Chief Market Strategist Bill O'Grady discusses the likelihood of his renomination and how the opposition could affect Fed independence.