The pressure on the Federal Reserve has been escalating. Trump's approach toward the Fed looks notably more aggressive than his predecessor—we're talking nearly double the intensity compared to the Biden years. To put it in perspective, it dwarfs even the approach from the Reagan era, sitting at roughly seven times the level back then.

But here's what's interesting: despite these mounting pressures on Fed independence, equity markets haven't exactly panicked. In fact, stocks are holding up. So what gives? The disconnect between political pressure on monetary policy and market sentiment reveals something worth pondering about how investors are currently reading the situation.