Apr 14, 2021
Do not forget to subscribe to the new Fed Watch: Bitcoin and Macro new feed. Search for “Fed Watch - Bitcoin and Macro” on your podcast app.
In this episode of Bitcoin Magazine’s Fed Watch podcast, hosts Christian Keroles and Ansel Lindner listen and react to several clips from the Jerome Powell 60 Minutes interview. All audio is used under Fair Use and we add our commentary to it. You can get the full interview here and the Youtube playlist of clips here.
Jay Powell, Chairman of the Federal Reserve, appeared on 60 Minutes this week. The interview seemed to be a public relations attempt by the Fed. It fell one year after the Corona Crash of 2020.
Ansel and Christian take three clips and break them down in unapologetic fashion. The first clip is amazing because Powell says they see the same persistent issues today which were present back during the Great Financial Crisis, and if they keep coming up they might as well fix them. This comment got our blood boiling. It was not as if they did not try their best to fix it back after the GFC. What makes them think they’ll be able to fix it this time?