The market only wants to hear good news right now, says Fmr. Fed Chair Alan Blinder

Fed Independence Concerns - The market may be underreacting to a serious threat to the Federal Reserve's independence, potentially the most significant in many years [8][9] - Concerns exist regarding the expedited passage of Steven Moran into the Federal Reserve Board while still on leave from the White House staff, raising conflict of interest issues [3][4] - The unprecedented nature of having someone simultaneously serve on the White House staff (on leave) and the Federal Reserve Board is highlighted [6] - The market's current euphoria may be overshadowing concerns about Fed independence [10] Personnel and Policy - A lawsuit is ongoing regarding Lisa Cook's appointment [3] - There are concerns about the President's influence on the Fed through appointments and "jaw boning" around Fed Chair Powell [2] - The temporary nature of a potential appointment doesn't negate concerns about potential influence or future re-hiring by the White House [5]