U.S. Treasury Secretary Stresses Importance of Federal Reserve Independence

Federal Reserve Independence: U.S. Treasury Secretary Lawrence H. Summers highlighted the critical need for the Federal Reserve's autonomy to ensure economic stability, especially amid rising political pressures that threaten its credibility.

Market Reactions: Increased political scrutiny of the Federal Reserve is causing uncertainty in financial markets, leading investors to seek refuge in cryptocurrencies like BTC and ETH, which are perceived as hedges against potential shifts in monetary policy.