BREAKDOWN: RIP Transitory Inflation, Long Live Quantitative Tightening
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 1 June 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
June will be the first month the Federal Reserve allows Treasury bonds to mature without replacement.
This episode is sponsored by Nexo.io, NEAR and FTX US.
On today’s episode, NLW marks the next phase in the shift in monetary policy. Starting this month, the Federal Reserve is going to allow U.S. Treasurys and mortgage-backed securities held on its balance sheet to expire without renewal. The goal is to reduce the overall balance sheet by billions of dollars per month. NLW explains how we got here, why the market is nervous and what might happen next.
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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.
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“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: Brendan Smialowski-Pool/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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| 0:45.6 | 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 Wednesday, June 1st. Welcome to a new month. Today, we are talking |
| 1:19.2 | about the beginning of the era of quantitative tightening. Before we get into that, |
| 1:24.5 | however, a couple housekeeping notes. You can find the breakdown in two places. |
| 1:29.8 | The first is on the Coin Desk Podcast Network feed, which features both the breakdown as well as other great CoinDesk shows and comes out in the afternoon. |
| 1:37.1 | The Breakdown Only Feed features only the breakdown and comes out a little later in the evening. |
| 1:42.2 | Wherever you listen, if you are enjoying the show, |
| 1:44.4 | I would so appreciate it if you would take a little time to leave a rating and a review. |
| 1:48.3 | It makes a big difference. Also, a disclosure as always. In addition to them being a sponsor |
| 1:53.8 | of the show, I also work with FTX. And finally, coming up right around the corner is |
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