The independence of the Fed has always been a hot topic in the economic community, and it has sparked a new round of discussion recently. Notable hedge fund manager Griffin publicly called for politicians not to interfere with the Fed's decision-making. He particularly emphasized the lessons of the 1970s when a lack of independence at the Fed led to economic chaos, out-of-control inflation, and significant harm to the general public.

Although Griffin is an important supporter of the Republican Party, he firmly opposes any political forces intervening in the Fed on this issue. He believes that only by maintaining the independence of the Fed can potential economic disasters be avoided.

In fact, the independence of the Fed is crucial for economic stability. It acts like the "anchor" of the economy; once it is subject to political interference, it is likely to trigger market turmoil, leading to significant fluctuations in the stock market or uncontrolled inflation. Historical experience shows that when the Fed can operate independently, as during the economic boom of the 1990s, the overall economic performance is relatively stable. Conversely, during the heavily politically interfered period of the 1970s, serious economic problems arise.

For the cryptocurrency market, economic instability also has a huge impact. Once economic problems arise, investor confidence may collapse rapidly, and funds are likely to be withdrawn from cryptocurrencies like Bitcoin and Ethereum, causing severe price fluctuations and increasing market risk. During times of economic turmoil, investors often tend to move their funds into traditional safe-haven assets like gold or the US dollar, which may lead to a decrease in the activity of the cryptocurrency market.

In general, the independence of the Fed is not only related to the healthy development of the overall economy but also directly affects various financial markets, including cryptocurrencies. In the current complex economic environment, it is particularly important to remain vigilant and seize opportunities.