At a recent press conference, Fed Chairman Powell once again emphasized the independence of the Fed. In response to reporters' questions about concerns that White House economic adviser Stephen Milan joining the Fed might affect its independence, Powell firmly reiterated the Fed's position. He stated that the Fed will "firmly maintain its independence," sending a clear signal that the Central Bank will stay away from any form of political interference.

It is worth noting that when asked about the incident where former President Trump attempted to fire Chairman Cook, Powell chose not to comment. This action further highlights the Fed's determination to maintain political neutrality.

The financial community generally believes that Powell's statement is of great significance for stabilizing market expectations. Especially against the backdrop of a potential adjustment in current monetary policy and a sensitive political environment, the independence of the Fed becomes particularly important.

This statement has also drawn attention from the market regarding the future direction of the Fed's policies. Although some speculate that a rate cut process may be restarted, the Fed's decisions will still be based on economic data and the overall financial situation, rather than external pressures.

At the same time, the cryptocurrency market is closely watching every move of the Fed. The trends of major cryptocurrencies such as Ethereum (ETH), Ripple (XRP), and Binance Coin (BNB) may be indirectly influenced by Fed policies. However, the development trajectory of the cryptocurrency market still possesses its uniqueness and does not fully rely on traditional financial policies.

Overall, Powell's statement reiterated the Fed's independence in formulating and implementing monetary policy, which is crucial for maintaining stability and confidence in the financial markets.