Treasury Secretary Bessent pushes back on a common misconception: Federal Reserve independence doesn't mean the institution operates without any oversight. His remarks suggest a potential shift in how policymakers approach central bank governance and regulation. This distinction matters for markets—it could influence everything from interest rate expectations to liquidity conditions. When government officials start clarifying the Fed's relationship with external scrutiny, it typically signals upcoming policy adjustments or legislative discussions that ripple across financial markets, including crypto assets sensitive to macro conditions.