The Fed's lack of transparency has become a real pain point for market participants. When policy decisions get announced without clear communication beforehand, it creates unnecessary volatility across all asset classes—crypto included.

Hassett's point hits home: we don't just need *some* improvement. The Fed needs to be dramatically more open about their thought process, timeline, and economic assumptions. Right now, traders are basically playing guessing games with interest rate moves, inflation readings, and forward guidance.

Think about it—every Fed meeting moves billions. Every statement shift triggers cascading effects. Yet the communication often feels ambiguous or delayed. If the central bank actually laid out their reasoning in real-time, markets could price things more efficiently instead of overreacting to every headline.

For crypto traders and DeFi participants especially, Fed policy direction matters hugely. Bitcoin and altcoins tend to move inversely to interest rate expectations. When you can't predict what the Fed's really thinking, you can't position correctly. Better transparency would mean better risk management across the board.

Is full transparency realistic? Maybe not. But significantly ramping it up—that's both possible and necessary.