Listen "Powell's Hawkish Wait-and-See"
Episode Synopsis
The July FOMC meeting delivered no rate change—but plenty of political drama. Powell refused to guide toward September cuts, triggering hawkish market reactions and rare dissent from Fed governors Waller and Bowman. Meanwhile, the White House unveiled a sweeping crypto policy roadmap during Powell's press conference, signaling a new era of fiscal dominance and shifting central bank relevance. NLW breaks it all down—from Powell’s quiet rebellion to the Fed’s waning independence and the rise of crypto on the policy stage.
Brought to you by:
Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.
To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown)
Enjoying this content?
SUBSCRIBE to the Podcast: https://pod.link/1438693620
Watch on YouTube: https://www.youtube.com/@TheBreakdownBW
Subscribe to the newsletter: https://blockworks.co/newsletter/thebreakdown
Join the discussion: https://discord.gg/VrKRrfKCz8
Follow on Twitter:
NLW: https://twitter.com/nlw
Breakdown: https://twitter.com/BreakdownBW
Brought to you by:
Grayscale offers more than 20 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal.
To learn more, visit Grayscale.com -- https://www.grayscale.com//?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-thebreakdown)
Enjoying this content?
SUBSCRIBE to the Podcast: https://pod.link/1438693620
Watch on YouTube: https://www.youtube.com/@TheBreakdownBW
Subscribe to the newsletter: https://blockworks.co/newsletter/thebreakdown
Join the discussion: https://discord.gg/VrKRrfKCz8
Follow on Twitter:
NLW: https://twitter.com/nlw
Breakdown: https://twitter.com/BreakdownBW
More episodes of the podcast The Breakdown
The 2025 Bitcoin Year in Review
24/12/2025
Coinbase Comes for All of Finance
19/12/2025
Crypto Market Structure Slips to 2026
18/12/2025
DTCC Puts US Securities On Chain
16/12/2025
The Fed Is Fracturing
12/12/2025
Bitcoin Treasury Honeymoon Ends
11/12/2025
MicroStrategy’s Big Buy Raises New Questions
10/12/2025
Crypto Regulation Hits a DeFi Wall
09/12/2025
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.