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The State of Play in Fed Commentary and the Crypto Contagion

The Breakdown

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The Fed and Cryptocurrency

Elizabeth Warren says the Fed has gone too far with interest rate hikes and risks a deep recession or maybe worse. It's a good reminder that for all the things going on in crypto, there is a larger structural secular game of tight versus looser monetary policy. We may be in a dislocated, disconnected moment due to the craziness of everything we've experienced over the last few weeks but even when it resolves, we'll still have to contend with these larger macro forces.

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