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Wendy O Claims Powell Can Control Inflation But Twitter Isn’t Buying It
An idyllic member in the craziest fashion within cryptoworld, Wendy O set the cat among the pigeons with her unabashed view of Jim Powell's...
It’s the perfect setup to underline how the digital asset world feels that the traditional financial institutions are equally slow, clunky, and out of touch compared to the super-fast pace of innovation on the DeFi side. The theoretical disconnect between the official narrative and what is rising to be considered as reality will quite likely have a strong bearing on how markets interpret future Fed moves, specifically in the very unstable crypto space that dares to treat any centralized authority with skepticism. While Powell and his fellow central bankers continue to speak in carefully measured terms to convey an air of control and mastery over the situation, the entire crypto crowd shoots memes and mockery that cut through the heavy jargon to lay bare an accusation of outright ineptitude.
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