Jim McKelvey, co-founder of Square and chair of the St. Louis Fed, dives into the current economic climate shaped by high inflation and global uncertainty. He debates the Fed's next moves amidst geopolitical strains, like the Ukraine conflict. McKelvey shares his risk-tolerance philosophy, emphasizing how failure can fuel innovation. He reveals why his new startup won’t utilize blockchain and teases an upcoming SXSW panel about empowering individuals in the evolving data economy with solutions like the Invisibly platform.