Fed independence becomes hot topic, Kashkali says market confidence is stable

According to Jinshi data, the independence of the Federal Reserve has become a hot topic. Federal Reserve Director Milan supported a larger rate cut during his tenure at the White House. Wall Street responded calmly to this change, and Kashkali believed that the market's confidence in American institutions was the reason. Kashkali said in an interview that investors and lawmakers generally recognize the importance of Fed's independence. He believes that the US system will continue to maintain the independence of the Federal Reserve and prevent it from being disturbed by short-term political processes.