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Recently, a major news story from the United States has drawn widespread attention in the crypto assets market. About 600 prominent economists jointly signed an open letter expressing their support for The Federal Reserve Board of Governors member Lisa Cook, strongly urging the maintenance of the Fed's independence. This action is seen as a response to the previous efforts by the U.S. president to seek Cook's dismissal, also sparking speculation about the direction of Fed policies.
The decisions of the Fed have always been seen as an important indicator for the Crypto Assets market. Its monetary policy directly affects the liquidity of funds in the market, which in turn influences the price trends of Crypto Assets. If the independence of the Fed is challenged, it could lead to instability in monetary policy, thereby increasing uncertainty in the market.
This controversy can be likened to a tug-of-war: one side attempts to intervene in the decisions of the Fed, while the other is committed to maintaining its independence. Crypto Assets investors are like spectators, closely following the developments of the situation. If the independence of the Fed is eroded, it could lead to unpredictable monetary policy, which in turn may trigger severe fluctuations in the prices of major crypto assets like Bitcoin and Ethereum. Conversely, if the calls from economists are heeded and the Fed maintains its independence, a stable monetary policy will help stabilize investor confidence, bringing a certain degree of calm to the market.
Currently, this news has caused quite a stir among Crypto Assets investors. Market participants are speculating on the next direction: will there be severe turbulence, or can relative stability be maintained amid the turmoil? To stay informed about the ongoing impact of this event on the Crypto Assets market, investors are closely following subsequent developments to grasp the influence of this important moment on the market.