Article
Fed Independence Is Sacred... Or So We've Been Told
Fed Independence Is Sacred... Or So We've Been Told
Authored by Richard Roberts via RealClearMarkets.com,
For the better part of a year, many had become convinced that the Federal Reserve's independence was in its final days.
The narrative rested on two prongs.
First, an FOMC browbeaten by relentless public attacks, threats of removal, and a Justice Department criminal probe into Chair Jerome Powell. The pressure, many argued, had grown so intense that Fed decisions would no longer be trusted to reflect economics rather than politics.
Second, a new chair expected to arrive in May...
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The United States Embassy in Caracas announced on X early Saturday morning that the U.S. flag was raised for the first time in seven years, stating that "a new era has begun for relations between the United States and Venezuela."
"On the morning of March 14, 2019, the American flag was lowered for the last time at the United States Embassy in Caracas. This morning, March 14, 2026, at the same hour, my team...
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ADP Employment Reports Shows Better Than Expected Job Gains, Accelerating Wages
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Hiring and pay gains both held steady in March.
The ADP National Employment report printed a better than expected +62k jobs added in March (+40k exp) and modestly down from an upwardly revised 66k in February.
That is the ninth straight month of job gains.
Source: Bloomberg
The smallest employers drove job growth for a second month, while hiring in trade, transportation, and utilities continued to decline.
"Overall hiring is steady, but job growth continues to favor certain industries, including health care. In March,...
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