To some extent, yes. We do have the Senate confirm Fed chairs, and their terms are 5 years, which overlaps into the next administration. Biden and the Democrat

To some extent, yes. We do have the Senate confirm Fed chairs, and their terms are 5 years, which overlaps into the next administration. Biden and the Democrat Senate refused to confirm Powell for his second term for over a year. It wasn't really until after he was confirmed for his second term that the Fed turned hawkish. Could be coincidental. Still, let's not pretend that the Fed is free of political influence and pressure from all sides.