Yellen Emphasizes Fed’s Political Roots, Potentially Impacting Crypto Market

U.S. Treasury Secretary Janet Yellen underscored the Federal Reserve’s independence as a political arrangement, drawing attention to public trust as the sole source of its legitimacy. This statement could have implications for financial market confidence, particularly in assets like cryptocurrencies that rely on central bank stability and credibility. Yellen’s emphasis on transparency and the Fed’s autonomy aligns with her advocacy for these principles. )