BREAKDOWN: A Gaggle of Fed Officials Say Interest Rates to Remain Higher for Longer
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 29 November 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
The officials spoke to various news outlets on Monday in advance of comments from Chair Jerome Powell on Wednesday.
This episode is sponsored by Nexo.io, Circle and Kraken.
On today’s episode, NLW turns back to the macro, where some amount of optimism had seeped into risk assets since a better-than-expected inflation report a few weeks ago. On Monday, a group of Federal Reserve officials were trotted out to make the point to markets they might once again be getting ahead of themselves with expectations of any sort of soon-to-be Fed pivot.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: DNY59/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:49.5 | It's a little bit of saying the quiet part out loud. On the one hand, I think it's good |
| 0:54.0 | that the Fed is grappling with the fact that this is more than just a normal moment of saying the quiet part out loud. On the one hand, I think it's good that |
| 0:54.1 | the Fed is grappling with the fact that this is more than just a normal moment of inflation |
| 0:57.8 | and may reflect a new set of constraints that should shape monetary policy going forward. |
| 1:02.8 | On the other hand, central banks seeing their only option, as using the blunt hammer of |
| 1:07.5 | demand destruction to address it, doesn't necessarily get the blood flowing. |
| 1:12.6 | Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the |
| 1:19.8 | big picture power shifts remaking our world. The breakdown is sponsored by nexo.io, Circle, and |
| 1:25.8 | Cracken, and produced and distributed by CoinDes. |
| 1:30.5 | What's going on, guys? It is Tuesday, November 29th, and today we are catching up with the Fed. |
| 1:36.3 | Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it, |
| 1:40.0 | give it a rating, give it a review, or if you want to dive deeper into the conversation, |
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