Breakfast briefing: Monday, July 24

Boston Fed President Eric Rosengren on Friday made a case for keeping the central bank's actions independent from politicians.

MarketWatch: Optimism is souring around small-cap stocks for some investors, with a host of factors conspiring to up-end gains that have taken them to record highs. Small-caps, which led the market's rally just after the Nov 8 election of Donald Trump as US president, are facing weak earnings forecasts, little progress on tax reform and recent outflows. - Reuters