Powell Finally Talks Recession

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podcast"> <em><span style="font-weight: 400;">NEAR</span></em></a> <em><span style="font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em><span style= "font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">For the past two days, Federal Reserve Chairman Jerome Powell has been testifying on the Hill before both committees in the Senate and House. One of the most pointed discussions has been around the possibility that the Fed’s rapid about-face on interest rates and other market support might have the unintended consequence of dropping the economy into a recession. </span></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at</span></em> <a href= "https://nexo.io/get-started?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_jun22"> <em><span style="font-weight: 400;">nexo.io</span></em></a> <em><span style="font-weight: 400;">by June 30 and receive up to $150 in BTC.</span></em></p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podcast"> <strong><em>NEAR</em></strong></a> <em><span style=