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Caitlin Long 🔑⚡️🟠
Founder/CEO @CustodiaBank. #bitcoin since 2012. 22-yr Wall St veteran. Not advice; not views of Custodia Bank!
It’s no accident she’s getting loud👇while also slamming Powell’s role in #OperationChokePoint2.0. #Wyoming had a multi-year lead in crypto, which Powell’s Fed crushed while protecting powerful incumbents. When she publicly revealed the Fed’s secret handbook—which had the Fed awarding itself power to debank over the amorphous terms “controversial activities” and “controversial comments”—Powell quickly buckled & said he removed those references. On the heels of that win over Powell, she’s doubling down:
22 tuntia sitten
Jay Powell’s weasel words do not hide the fact that the Fed is building a modern-day palace for their new HQ, and Powell’s handling of Chokepoint 2.0 unfairly targeted the digital asset industry.
Powell must go.
36,66K
Caitlin Long 🔑⚡️🟠 kirjasi uudelleen
Very glad to have this behind me. It never made sense but neither does the @rstormsf trial. Wild how quickly you can have your life upended. I'm grateful for those who saw through it and for my stellar legal team. Now, turning my attention back to @krakenfx. 🐙🚀
218,62K
Drumbeat is now louder:
22.7. klo 18.59
This morning, US government criticism of both Federal Reserve Chair Powell and the institution itself has broadened to include "mission creep" and the effectiveness of other officials.
The developments of the last few days reinforce my view:
If Chair Powell's objective is to safeguard the Fed's operational autonomy (which I deem vital), then he should resign.
I recognize this isn't the consensus view, which favors him staying until the end of his tenure in May. Nor is it a first best, which is simply not attainable. Yet, it's better than what is playing out now – growing and broadening threats to Fed independence – and will undoubtedly increase should he remain in office.
As to market reaction, most of the frequently mentioned candidates to replace Chair Powell would be able to calm any potential market jitters.
#economy #federalreserve #markets
18,35K
Caitlin Long 🔑⚡️🟠 kirjasi uudelleen
This morning, US government criticism of both Federal Reserve Chair Powell and the institution itself has broadened to include "mission creep" and the effectiveness of other officials.
The developments of the last few days reinforce my view:
If Chair Powell's objective is to safeguard the Fed's operational autonomy (which I deem vital), then he should resign.
I recognize this isn't the consensus view, which favors him staying until the end of his tenure in May. Nor is it a first best, which is simply not attainable. Yet, it's better than what is playing out now – growing and broadening threats to Fed independence – and will undoubtedly increase should he remain in office.
As to market reaction, most of the frequently mentioned candidates to replace Chair Powell would be able to calm any potential market jitters.
#economy #federalreserve #markets
1,12M
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