🔥The Federal Reserve's Independence Once Again in Focus: Policy Votes Rely on Data, Not Power
White House Chief Economic Advisor Kevin Hassett recently issued a strong statement: no matter how influential someone is, if their opinions can't be supported by data, they are useless in front of the Federal Reserve. This remark directly targets recent pressure from Trump regarding interest rate cuts.
"We can talk endlessly with the President, but ultimately, interest rate decisions are based on data and logic," Hassett emphasized in a media interview. The Federal Reserve must operate independently; the FOMC's collective consensus is the basis for decision-making—even if the White House holds strong opinions, this principle remains unchanged.
More straightforwardly, Hassett drew a clear boundary: the President can suggest, but "his influence won't exceed that of FOMC voters." Opinions without data support are subject to rejection. His exact words were: "No, they won't carry much weight." This tone instantly stirred the market because it touched on a core issue—the true independence of the Federal Reserve's policy-making.
For the cryptocurrency market, these signals are crucial. Interest rate decisions directly affect capital flows and market expectations, and every policy move can alter investors' allocation strategies.
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TokenomicsTherapist
· 21h ago
Hasset's words are quite interesting, are they somewhat indirectly pouring cold water on Trump? If the Federal Reserve's independence is firmly maintained, then the expectation of interest rate cuts will need to be reassessed... For us in the crypto circle, this is indeed a positive signal.
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just_vibin_onchain
· 12-15 00:49
Hmm... Now this gets interesting. Can the Federal Reserve really withstand the pressure? I'm not so sure.
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SatoshiHeir
· 12-15 00:44
It should be pointed out that the power struggle logic behind this rhetoric actually discredits the naive narrative that "presidents can manipulate the Federal Reserve at will." Based on historical decision data of the FOMC, true independence has always been built on a data framework rather than a power vacuum.
This is crucial for our understanding of BTC's long-term allocation strategy—when policies are no longer tools of power, the market can instead find anchoring points for deterministic expectations.
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ChainComedian
· 12-15 00:42
Oh wow, the Federal Reserve is being quite firm this time. Even the President's words have to be backed by data, I like this logic. BTC should be going up now, right?
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ThesisInvestor
· 12-15 00:36
Wait, Haseet's words sound like he's drawing a red line for Trump? Can the Federal Reserve really hold out for that long... Anyway, interest rate cuts are still coming, it's only a matter of time.
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LightningPacketLoss
· 12-15 00:23
I believe only half of what Hasset said. If the White House really wants to cause trouble, there are always ways to do it.
#数字资产生态回暖 $BTC $ETH $BNB
🔥The Federal Reserve's Independence Once Again in Focus: Policy Votes Rely on Data, Not Power
White House Chief Economic Advisor Kevin Hassett recently issued a strong statement: no matter how influential someone is, if their opinions can't be supported by data, they are useless in front of the Federal Reserve. This remark directly targets recent pressure from Trump regarding interest rate cuts.
"We can talk endlessly with the President, but ultimately, interest rate decisions are based on data and logic," Hassett emphasized in a media interview. The Federal Reserve must operate independently; the FOMC's collective consensus is the basis for decision-making—even if the White House holds strong opinions, this principle remains unchanged.
More straightforwardly, Hassett drew a clear boundary: the President can suggest, but "his influence won't exceed that of FOMC voters." Opinions without data support are subject to rejection. His exact words were: "No, they won't carry much weight." This tone instantly stirred the market because it touched on a core issue—the true independence of the Federal Reserve's policy-making.
For the cryptocurrency market, these signals are crucial. Interest rate decisions directly affect capital flows and market expectations, and every policy move can alter investors' allocation strategies.