The independence of the Federal Reserve is tougher than you think

White House Chief Economic Advisor Kevin Hassett recently issued a strong warning—if the president’s opinions are not backed by data, then they are just "decorations" in rate decision-making.
In an interview with CBS, Hassett was straightforward: the collective consensus of the FOMC is the key, and interest rate adjustments should be based on data and logic, not on who has more power.
"We can talk until the end of time, but when it comes to voting, data decides everything." His intention is very clear— even if the president has strong ideas, they cannot forcibly change the Fed’s decision-making direction.
The implicit message is directly aimed at Trump’s recent actions regarding interest rate cuts. Although Hassett is widely seen as a potential successor to the Fed Chair, he sets clear boundaries: proposals can be suggested, but the voice absolutely does not belong to the White House. If a president tries to pressure? "Sorry, you don't have that weight."
What does this mean for the crypto market? Policy space is already limited, and market speculation space is also limited. The stronger the independence of the Federal Reserve, the more the fluctuations of various assets depend on economic fundamentals rather than political games. Clarifying this logic will be helpful for investment decisions.