Opinion: The Independence of the Fed May Become a Market Focus in the Coming Days

Evercore ISI analyst Krishna Guha believes: "As tariffs seep into consumer prices, the Fed's independence will become the focus in the coming days. If you like the market chaos triggered by tariffs, then you will love trades related to 'the Fed losing independence'." "From a combination of historical, fundamental, and technical analysis viewpoints, the evidence suggests that a slightly defensive stance is warranted at present," Truist Advisory Services Chief Market Strategist Keith Lerner wrote in a report to clients and downgraded the rating on U.S. stocks.