In a recent exchange on monetary policy, attention turned to JPMorgan's leadership stance on Federal Reserve independence. The banking chief had cautioned that measures undermining the Fed's autonomy could prove problematic. The response came swiftly: skepticism that such concerns were purely principled. The critique suggested the executive might actually favor a higher rate environment—a positioning that would benefit certain financial institutions' lending margins. This back-and-forth highlights the ongoing tension between political leadership and major financial institutions over interest rate direction and central bank governance. For crypto markets, such debates matter, as Fed policy cascades into capital flows across asset classes.