Stephen Milan, nominated to the Federal Reserve, testified at a Senate hearing on September 4, 2025, highlighting the importance of central bank independence.
Independence of the Fed as a Key Aspect
Stephen Milan expressed strong support for Fed autonomy, stating: "Monetary policy independence is a key element to success... decisions should rely on economic data, not political agendas." This position underscores his vision of the necessity to maintain central bank independence for future prosperity.
Markets Anticipate Rate Changes
Milan also indicated support for possible interest rate cuts, aligning with market expectations. Market analysts and traders closely observe these discussions, noting a 97.6% probability of a rate cut as reflected in derivatives markets.
Impact on Cryptocurrency Market
Bitcoin (BTC) is currently trading at $110,827.61, with a market cap of $2.21 trillion, showing a decrease of 1.01% over the past 24 hours. Coincu's research team suggests that reinforcing Fed independence could stabilize long-term economic outlooks, strengthening investor confidence, especially in uncertain market conditions.
Stephen Milan's testimony emphasizes the importance of Federal Reserve independence, which may significantly impact financial markets and cryptocurrencies in the long run.
