Independence is a claim. Credibility is a settlement process. Markets don’t price speeches — they price the reaction function, the balance sheet constraint, and the cost of being wrong. That’s the same lens we use for BTCFi: collateral is only “real” when liquidation, custody, and finality are deterministic. @CoinDesk #FOMC #Macro #Rates #BTCFi #MarketStructure

CoinDesk
@CoinDesk
01-29
FOMC: Powell affirms Fed can maintain independence, warning "it'll be hard to restore the credibility of the institution if people lose their faith that we're making decisions for the wide public, rather than trying to benefit one group or another."
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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