Fed Officials Say Interest Rates to Remain Higher for Longer

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 30 November 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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. - Nexo Pro allows you to trade on the spot and futures markets with a 50% discount on fees. You always get the best possible prices from all the available liquidity sources and can earn interest or borrow funds as you wait for your next trade. Get started today on pro.nexo.io. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. - Kraken, the secure, trusted digital asset exchange, is our sponsor for today’s show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. You’re covered by industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “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.

Transcript

Click on a timestamp to play from that location

0:00.0	It's a little bit of saying the quiet part out loud.
0:03.0	On the one hand, I think it's good that the Fed is grappling with the fact that this is more
0:06.6	than just a normal moment of inflation and may reflect a new set of constraints that should
0:10.8	shape monetary policy going forward.
0:13.1	On the other hand, central banks seeing their only option, as using the blunt hammer
0:17.6	of demand destruction to address it, doesn't necessarily get the blood flowing.
0:22.9	Welcome back to The Breakdown with me, NLW.
0:27.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:32.9	The breakdown is sponsored by nexo.io, Circle, and Cracken, and produced and distributed by CoinDesk.
0:40.8	What's going on, guys? It is Tuesday, November 29th, and today we are catching up with the Fed.
0:46.5	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,
0:50.3	give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit.
0:57.6	LY slash breakdown pod. All right, friends, well, today we are going to catch up on the macro side
1:04.5	of things. Specifically, we're going to check in to see how the Fed is talking about where they
1:09.6	see markets right now and how markets are
1:11.8	reacting to it. Now, when it comes to the crypto-contagion story, not much has changed since
1:17.3	yesterday. There is still a conspicuous lack of updates from Genesis and digital currency
1:22.1	group, although some amount of doom posting has subsided. Whether that's because there's
1:26.8	new information or simply declining engagement with that doom posting, subsided. Whether that's because there's new information or simply
1:28.0	declining engagement with that doom posting, it's not exactly clear. Still, for those looking
1:32.7	for a sliver of hopium, yesterday, Masari's Ryan Selkis wrote, I am 90% confident that Genesis does not
1:38.9	need to go into Chapter 11. That would be a strategic choice, but not a necessity. Beyond that, the most interesting follow-up to yesterday's contagion stories is a bit of bankruptcy
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.