#数字资产市场动态 📊 The independence of the central bank becomes a focus, with disagreements over the pace of rate cuts

Federal Reserve officials collectively expressed their stance this week in support of central bank independence. Minneapolis Fed President Kashkari directly challenged political pressure, with a clear logic — regardless of who sits in the chair, data is the decision-making compass; political interference is akin to directly cutting into monetary policy.

The presidents of the Chicago, Atlanta, and New York Fed also spoke out, emphasizing that interest rates must never become political tools. Goolsbee even made it explicit: the neutrality of the central bank directly affects inflation expectations over the coming years.

But the voices are not unanimous. Board member Milan takes a different tone, believing that inflation is already on track, and instead advocates for the central bank to avoid getting involved in political whirlpools, even throwing out an aggressive figure — a 1.5 percentage point rate cut this year.

Behind these disagreements lies the undercurrent before the January meeting. Kashkari and Bostic both revealed that the current economic resilience remains, prices are still high, and the timing is not right. The market interprets this as meaning the real window for rate cuts may open after June.

For risk assets like $ETH and $BNB, the delay in rate cuts means the pressure period will continue. Short-term liquidity tensions are unlikely to ease soon, but in the long run, this cautious pace may actually give the market room to adjust.