U.S. markets closed
  • S&P 500

    3,768.25
    -27.29 (-0.72%)
     
  • Dow 30

    30,814.26
    -177.24 (-0.57%)
     
  • Nasdaq

    12,998.50
    -114.10 (-0.87%)
     
  • Russell 2000

    2,123.20
    -32.15 (-1.49%)
     
  • Crude Oil

    52.16
    -0.20 (-0.38%)
     
  • Gold

    1,834.10
    +4.20 (+0.23%)
     
  • Silver

    24.98
    +0.11 (+0.46%)
     
  • EUR/USD

    1.2064
    -0.0020 (-0.17%)
     
  • 10-Yr Bond

    1.0970
    -0.0320 (-2.83%)
     
  • GBP/USD

    1.3538
    -0.0045 (-0.33%)
     
  • USD/JPY

    103.7650
    -0.0350 (-0.03%)
     
  • BTC-USD

    36,859.45
    +800.57 (+2.22%)
     
  • CMC Crypto 200

    714.35
    -20.80 (-2.83%)
     
  • FTSE 100

    6,718.90
    -16.81 (-0.25%)
     
  • Nikkei 225

    28,242.21
    -276.97 (-0.97%)
     

Why an independent Fed is critical to the economy

Through his entire term as Fed Chief, Jerome Powell has insisted the central bank will stay independent. To better understand why that’s so important, you have to go way back to its origins. Gary Richardson and Kathleen Day join Yahoo Finance's The First Trade to break it all down.