There's a persistent misconception about how the Federal Reserve actually operates. Many market participants misunderstand what Fed independence truly means in practice. Bessent's take cuts through the noise—it's not about the Fed operating in a vacuum, but rather how policy decisions interact with broader economic forces and market dynamics. For crypto investors tracking macroeconomic trends, grasping this distinction matters. Policy independence doesn't mean immunity from real-world pressures; it's about the framework and accountability structures. Understanding this nuance helps contextualize both traditional finance moves and their ripple effects across digital assets.