Markets "Wait and See" Fed Approach & Importance of FOMC Independence

Christopher Della Fave believes markets are taking a wait and see approach when it comes to the Fed and interest rates. He sees the bond market as the key indicator to the direction the FOMC will take. Christopher adds that there needs to be a "distinct division" between the Fed and Washington with an emphasis on independence. Christopher Della Fave believes markets are taking a wait and see approach when it comes to the Fed and interest rates. He sees the bond market as the key indicator to the direction the FOMC will take. Christopher adds that there needs to be a "distinct division" between the Fed and Washington with an emphasis on independence.