Let me show you how big the cards in the Fed's hand are. Look at a few numbers and experience the order of magnitude:

​U.S. debt, 36 trillion, see clearly, it is trillion, 1000 billion, the unit is US dollars;

​U.S. stocks, 60+ trillion;

​U.S. real estate, 40+ trillion;

​Counting other U.S. corporate bonds and various financial assets, it is heading for 150-200 trillion U.S. dollars. Therefore, if the Fed slightly adjusts the interest rate, it will affect the valuation of the hundreds of trillions of U.S. dollars in assets. The so-called dollar tide has the most direct impact on the fluctuation of the U.S.'s own assets of more than 100 trillion US dollars. A fluctuation of 1% is 1-2 trillion US dollars; a fluctuation of 10% is 10-20 trillion US dollars. If you understand this order of magnitude, you will know why the Fed is not controlled by the White House!