#alwaysLatePowell :-)
Think of short term Fed target rates as the difficulty adjustment in #bitcoin network
It decides how much difficult to find new TRILLION DOLLAR blocks of #fiat
#note2self
#alwaysLatePowell :-)
Think of short term Fed target rates as the difficulty adjustment in #bitcoin network
It decides how much difficult to find new TRILLION DOLLAR blocks of #fiat
#note2self