#438: Cycling Toward A Bitcoin Boom with Tuur Demeester
TFTC: A Bitcoin Podcast
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The Consensus of the Board Is That We're Not Going to Head Into a Recession Anytime Soon
Jerome Powell came out, raised rates and other 25 bibs today. There are targets between 5.25 and 550 now. He also said the consensus of the board members is that we're not going to head into a recession here anytime soon. If people don't have enough to make ends meet, it doesn't matter. That feels like exactly what's going on. They're pointing at CPI. It's back at 3.3%. It's like it's not what everyday Americans are feeling.
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