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Fed Policy Changes and Cracks in the U.S. Consumer

This week on Galaxy Brains, Galaxy Head of Firmwide Research, Alex Thorn, is joined by Beimnet Abebe from Galaxy Trading to break down the latest Federal Reserve policies and their impact on the financial landscape. They discuss the Fed's decision to scale back its balance sheet roll-off and the broader implications for market stability and interest rates. They dive into Chairman Powell’s cautious stance on rate hikes, viewed positively by markets, and explore the consequences of prolonged high rates on consumer spending and economic health. Alex also sits down with Murch, a self-described “Mempool Weatherman” from Chaincode Labs, to explore the intricacies of Bitcoin's mempool and the dynamics of transaction fees. Listen to the full episode here.