Jerome Powell Says ‘More Work to Be Done’ as FOMC Hikes Rates 50 Basis Points

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://pro.nexo.io/?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_pro_oct22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://www.circle.com/en/usdc/businesses"><em><span style= "font-weight: 400;">Circle</span></em></a><span style= "font-weight: 400;">,</span> <a href= "https://www.kraken.com/breakdown"><em><span style= "font-weight: 400;">Kraken</span></em></a> <em><span style= "font-weight: 400;">and the</span></em> <a href= "https://www.galaxy.com/research/podcasts/galaxy-brains/?utm_source=BD&utm_medium=podcast&utm_id=CoinDesk"> <em><span style="font-weight: 400;">Galaxy Brains Podcast</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p> </p> <p><span style="font-weight: 400;">Today’s episode is a deep dive into the Federal Open Market Committee meeting. NLW covers not just the policy updates but the details of Chair Jerome Powell’s speech and the Q&A after. The big message coming from the Federal Reserve is “there’s more work to be done.” </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/wallet"><strong><em>Nexo</em></strong></a> <em><span style="font-weight: 400;">is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at</span></em> <a href="https://nexo.io/wallet"><em><span style= "font-weight: 400;">nexo.io/wallet</span></em></a><em><span style= "font-weight: 400;">.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://www.circle.com/en/usdc/businesses"><strong><em>Circle</em></strong></a><em><span style="font-weight: 400;">, the sole issuer of the trusted and reliable stablecoin US