The Fed Is Stuck Waiting While the Trade War Reshapes the Economy
The latest FOMC meeting resulted in zero policy changes as the Federal Reserve adopts a cautious "wait and see" stance amid rising economic risks. NLW analyzes Chair Powell’s careful positioning, balancing uncertainty around trade-induced inflation and employment pressures. Plus, the evolving trade landscape: negotiations intensify with China, the UK deal looms, and the U.S. administration signals it's reshaping global economic order—not just settling trade disputes.
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12:06
Democrats Stage Crypto Walkout to Hold Dueling Hearing
Yesterday's Congressional crypto hearings descended into partisan theatrics as Democrats led by Maxine Waters staged a dramatic walkout, splitting discussions into dueling roundtables. At issue: allegations of presidential crypto-related corruption versus critical bipartisan efforts to establish regulatory clarity for crypto markets. NLW breaks down the political maneuvers, highlights the substantive points lost in the spectacle, and explains why this standoff could jeopardize crucial legislative progress. Will partisan gamesmanship stall sensible crypto regulation, or can Congress find common ground before the industry loses its momentum?
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13:12
Crypto Clash: Waters’ Walkout vs. Market-Structure Bill
House Democrats, led by Rep. Maxine Waters, plan a walkout to derail a joint hearing on the 212-page crypto market-structure bill, framing it as a protest against Trump-linked stablecoin dealings. NLW dissects the politics, bill revisions, and industry reactions.
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11:59
Arizona Gov Vetoes Bitcoin Bill
Today on The Breakdown, NLW discusses Arizona Governor Katie Hobbs' veto of a bill allowing state investments in Bitcoin, highlighting existing crypto exposure via Strategy (formerly MicroStrategy). He also covers Senate Democrats' resistance to stablecoin legislation, led by Elizabeth Warren, threatening bipartisan crypto regulation. On a positive note, Apple now allows crypto for in-app purchases, significantly boosting mobile crypto adoption.
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10:13
The Five Most Important Stories in Crypto This Week
From big price targets from major institutions to Ray Dalio sayings its too late to Arthur Hayes saying long everything, NLW breaks down an interesting if confusing week.
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A daily analysis of macroeconomics, bitcoin, geopolitics and big picture power shifts, hosted by Nathaniel Whittemore @nlw. The Breakdown is part of Blockworks.