BREAKDOWN: Biden Meets With Powell as Inflation Battle Heats Up

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 31 May 2022

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

A summer preview of key macroeconomic discussions. This episode is sponsored by Nexo.io, NEAR and FTX US. “Sell in May and go away,” says the old market aphorism. Today on “The Breakdown,” NLW previews a set of discussions he believes will shape markets this summer: The inflation battle – the Federal Reserve’s Jerome Powell meets with President Biden The energy battle – the European Union bans the majority of Russian oil The crypto regulation battle – the U.S. is expecting major legislation from senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) in June - Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Kevin Dietsch/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:38.2	adventure is just a listener way. Start your free 30-day trial at audible.com slash Wondery, UK.
0:45.6	That's audible.com slash Wondery UK.
0:53.8	Welcome back to The Breakdown with me, NLW.
0:58.8	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:04.7	The breakdown is sponsored by nexo.io, near NFTX, and produced and distributed by CoinDesk.
1:12.5	What's going on, guys? It is Tuesday, May 21st, and today we are doing a summer preview of the big macro issues that are likely to dominate the discourse for the coming months.
1:23.4	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,
1:27.6	give it a rating, give it a review, or if you want to dive deeper into the conversation,
1:31.9	come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly
1:36.8	slash breakdown pod. Also, a disclosure as always. In addition to them being a sponsor of the show,
1:42.9	I also work with FTX. All right, welcome
1:46.0	back, everyone. I hope if you are a citizen of the USA, you had a great Memorial Day, and for everyone
1:50.9	else, you had a wonderful weekend and beginning of your week. Now, this is traditionally the first
1:56.6	official day of summer after Memorial Day. Also, traditionally, summer is kind of a slow season for
	...

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