BlockBeats news, August 28, ECB governing council member and Bank of Finland Governor Rehn warned in a speech on Thursday that the independence of the Federal Reserve is facing challenges not seen in decades, posing 'significant' risks to the market and the economy. Rehn stated, 'Since the double-digit inflation of the 1980s was curbed, the independence of the Federal Reserve has been viewed as an inviolable principle – but now this principle is being compromised. When the central bank is trusted, the public, businesses, and financial markets believe it will uphold price stability. This trust anchors inflation expectations.' Rehn noted that the credibility brought by independence enhances the effectiveness of monetary policy, meaning the central bank does not need to react 'dramatically' to temporary economic turbulence. (Jinshi)