Hello fam,
This year as seen many FOMC meetings, Jerome Powell gives his 10 minutes public briefing. The Regularity means the public is notified on the FED stance on inflation and if any changes are made to thier approach then tune in to these meetings to get the FED update.
Some points that stood out to me from the breifing are as follows.
They're aware of the hardship of inflation and remain strongly committed to bringing high inflation back down to thier 2% goal.
Price stability is the responsability of the federal reserve, without stability the economy doesn't work.
FOMC is tightening the stance of monetary policy and the policy interest rate remains unchanged this time around. More meetings to come.
Predictions stated by Jerome point towards 2026 as the year the 2% goal is reach. So a long way to go yet.
Labour market remains tight.
These few take away points exemplify that price stability hasn't returned in my view. Thier is still a chance if instability returns even with these interest rate hikes. That the economy along with the US dollar will crash. Getting a 2008, 2009 situation all over again or worse cos bail outs have already been done before, bail in's that means customer bank account funds may go as national bank corporations dissolve. Gosh. Of course this is me speculating.
Crypto X in my expereince at the moment have a lot of people not being so active. Founders and DevOps people tend to be more quiet on the whole and reserved in conversations conservative. While NFT communitys are more talkative. Some of them act like lib tards.
Buzzword style, hot gossip on Twitter X spaces are still going on. Choose wisely as some will be a waste of time. These talk about lastest trends in crypto business. Mostly around NFT's, Web3, blockchain, A.I and crypto coins/tokens.
Peace, love and Joy
