The Fed's Decision to Deny Cryptocurrency

Powell has been the biggest hawk on the federal reserve board going back to 2007 other than Richard Fisher he doesn't you know this so all right now let's throw in some curveballs because Powell has done some things that would indicate that that's not necessarily his philosophy okay. There was a coordinated announcement with the White House on the morning that custodia was denied and and we Washington DC is a sieve people came forward We know exactly what happened why did Powell coordinate with the White house to deny custodia I don't know the answer to that but here's an interesting question. Watanabe: It makes it seem like maybe this wasn't his philosophy why did he not green light a company