As the clock strikes midnight on October 1st, some agencies of the U.S. government will once again face a shutdown. This situation not only affects the distribution of salaries for approximately 750,000 government employees but may also lead to latency in the release of several important economic data. However, amid this political storm, the Federal Reserve has maintained its usual stance of independence.

The Fed has clearly announced that its daily operations will 'continue as usual' even during a government shutdown. This independence stems from its unique funding mechanism: the Fed does not rely on government appropriations but maintains its daily expenses through its own operating income. This institutional design allows the Fed to remain stable amidst political fluctuations and continue to fulfill its monetary policy responsibilities.

Looking back at the 35-day government shutdown in 2018, the Fed continued to hold meetings and adjust interest rate policies as scheduled, fully demonstrating its independent decision-making ability. This independence is reflected not only in financial matters but also in the policy-making process.

Although this government shutdown may lead to some economic data publication latency, posing certain challenges to the Fed's decision-making, it does not affect the foundation of its independence. In fact, the independence of the central bank should be seen as an "escape valve" for economic operation: even in a turbulent political environment, maintaining the central bank's independent status can ensure the stability of the economic order.

In the current complex economic environment, the independence of the Fed is particularly important. It is not only a barrier against political interference but also a key force in maintaining economic stability. As the shadow of government shutdown looms over Washington once again, the Fed's ability to operate independently will be tested again, highlighting the importance of a sound economic system design.