I suppose the real question is whether it's only the institutional investors who consider such things, or whether it's private individuals who are keeping close tabs on it too. For me, personally, I sure as hell wasn't looking at what the Fed was or wasn't doing when I first bought in.
Given the statement above, you are completely and utterly ignorant of Macro Economics and how it affects asset prices.
Most people do not think, or are even aware of what the Federal Reserve is doing when they invest... But any fool can look at the " Miraculous " recovery of the stock market in April 2020 and figure it out

The economy was shut down, businesses closed, lockdowns, things were looking very bad, no one knew how bad Covid-19 would get. STILL: The Stock market, Bitcoin, and other assets had the fastest, best recovery in history.
Professional Investors know that the Federal Reserve is now the biggest force in the markets, BY FAR... This is accepted fact to everyone but a Bitcoin cult believer
Yet, You still can not figure it out