Powell warns Federal Reserve is undergoing ‘stress test’

Fed Chair Powell warned that politicizing the Federal Reserve would erode public trust, emphasizing the importance of the central bank's independence for effective monetary policy.

The article discusses three financial stocks that are expected to remain resilient even if the Fed implements another interest rate hike.

The Fed is behind the curve, the bond market is saying, and it’s going to hike belatedly starting later this year, whether it wants to or not.