Did Jerome Powell Lie to Congress? The Fed’s Palace, Politics & Rate Cuts | Anthony & John Pompliano
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What is the main topic discussed in this episode?
What's up, everyone?
What controversy surrounds Jerome Powell?
This is Anthony Pompliano. Many of you know me as Pomp. You're listening to the Pomp Podcast, which is my effort to find the most interesting people in the world and sit with them for hours while I ask questions in an effort to learn. So it would mean the world to me if you would subscribe to the show on your favorite audio platform, watch episodes on YouTube, and tell your friends and family about the podcast. My goal is to help millions learn from the world's most interesting people. So let's get into today's episode.
Anthony Pompliano runs Pomp Investments. All views of him and the guests on his podcast are solely their opinions and do not reflect the opinions of Pomp Investments. You should not treat any opinion expressed by Pomp or his guests as a specific inducement to make a particular investment or follow a particular strategy but only as an expression of his personal opinion. This podcast is for informational purposes only.
What's going on, guys? Today, we got a great conversation with John Pompliano. In this conversation, we talk about what's going on with Jerome Powell.
Will the Federal Reserve cut rates in the near future?
He's in hot water. Inflation, monetary policy, how it's impacting the market, what's going on with Bitcoin. And then we talk a little bit about the NYC token and what Eric Adams got himself into as well. All that and more in this conversation with John Pompliano.
How is AI influencing inflation trends?
All right, John, what's the first topic? All right, Jerome Powell seems to be the guy talking the town right now. Fed chairman, he's out later this year. Who do you think is going to be the next Fed chair?
All right, before we get to who the next Fed chair, let's talk about Jerome Powell for a second. So there's a couple of things that I'm thinking. One, horrible look for both sides that there's any sort of tit for tat.
What is the relationship between Bitcoin and the Federal Reserve?
You want to have your executive branch, you want your Fed, your Treasury, all these people, you want to have the sense that they're all on the same page, they're working together collaboratively, and they're trying to figure out solutions to problems. That's not what we have. But that's part of the beauty of democracy and the capitalistic system and the checks and balances that we have, is that you can have some people who think one thing, other people who think another thing, and we kind of grind forward to get to the end result. So when I see that Jerome Powell is being investigated, my first thing is, one, it's an investigation, not a charge. So what I understand by Googling around a lot and seeing what some people are talking about online is that most investigations go nowhere.
It's just people asking questions.
Why are younger generations less interested in Bitcoin?
The second thing is that the attorney general, this Janine Pirro, I think is how you say her name, she came out and she said, listen, We started asking them questions. There was no investigation. We were just asking for some information.
What is the NYC token controversy involving Eric Adams?
They ignored us. They stiff-armed us. They said, we're not even going to acknowledge the fact you exist.
What advice is given to investors who have lost money?
And so in order for us to get the information, we then had to make an official investigation because now we have certain things where we can subpoena and do all this kind of stuff, et cetera. So that's an important detail that it sounds like the Attorney General didn't want to have an investigation, but now they're claiming they had to because the Fed wasn't responding. Why weren't they responding? I don't know, but that's an important detail. Third, this whole thing is being politicized by the Fed. The whole thing. You're telling me, let me get this right. On Friday, subpoenas go out. They don't say anything about it on Friday. They don't say anything about it on Saturday. They don't say nothing about it Sunday morning, Sunday early afternoon, Sunday during football.
They wait. And in my opinion, they probably leaked the story to the New York Times. And Jerome Powell, he dropped a freaking influencer video online like he's got an OnlyFans account. This dude was locked and loaded with a video. There is nobody at the Federal Reserve who is able to read the New York Times report,
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:02–0:03
2
What controversy surrounds Jerome Powell?
0:03–0:59
3
Will the Federal Reserve cut rates in the near future?
0:59–1:12
4
How is AI influencing inflation trends?
1:12–1:30
5
What is the relationship between Bitcoin and the Federal Reserve?
1:30–2:12
6
Why are younger generations less interested in Bitcoin?
2:12–2:24
7
What is the NYC token controversy involving Eric Adams?
2:24–2:29
8
What advice is given to investors who have lost money?
2:29–39:51
Speakers
3 identifiedMore from The Pomp Podcast
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