Monday Afternoon Links

[Yahoo Finance] Gold, silver surge as 'assault on Fed' sparks rush to precious metals

[CNBC] S&P 500 hits fresh all-time high as traders look past Fed independence risk, bank rate cap threat: Live updates

[AP] DOJ investigation of Fed Chair Powell sparks backlash, support for Fed independence

[AP] Bringing charges against the Fed: What we do (and don’t) know

[AP] Why the Federal Reserve has historically been independent of the White House

[Yahoo Finance] Former officials say DOJ probe threatens Fed independence, has 'no place in the United States'

[CNBC] Trump’s credit card rate cap plan has unclear path, ‘devastating’ risks, bank insiders say

[AP] Sen. Kelly sues the Pentagon over attempts to punish him for his warnings about illegal orders

[Bloomberg] Florida Heads for Smallest Orange Crop in Nearly a Century

[NYT] Fed Changes Course and Takes On Trump’s Political Fight

[FT] What is behind the criminal investigation into Jay Powell?