Join Bitcoin University Premium:https://www.bitcoinuniversity.comIn this video, I discuss the "genius" of Jerome Powell, the chairman of the Federal Reserve, by evaluating his performance based on the Fed's dual mandates of price stability and maximum employment.I conclude that the Fed and Powell deserve an "F" in both and are much closer to being arsonists than firefighters.Fortunately, we have Bitcoin to protect ourselves from central bankers and their disastrous policies.Not investment advice! Consult a financial advisor.The Economic and Political Genius of Jay Powell:https://www.washingtonpost.com/business/2023/08/14/powell-s-fed-has-the-right-instincts-on-economics-and-politics/a399218a-3a8d-11ee-aefd-40c039a855ba_story.htmlMatthew Yglesias:https://twitter.com/mattyglesiasWhy I Haven’t Changed My Mind About Bitcoin:https://slate.com/business/2013/12/bitcoin-my-mind-hasn-t-changed.htmlYglesias supported SBF:https://jacobin.com/2022/11/sam-bankman-fried-ftx-new-york-times-liberalismThe Fed and the Dual Mandate:https://www.stlouisfed.org/in-plain-english/the-fed-and-the-dual-mandate The US dollar's eroding purchasing power:https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpgWatch the Fed's balance sheet grow:https://fred.stlouisfed.org/series/WALCLHalf of NYC households face cost of living crisis:https://www.bbc.com/news/business-65394860The Cost of Living Crisis:https://stupiddope.com/2023/02/the-cost-of-living-crisis-how-inflation-is-impacting-americans-today/Labor force participation rate:https://fred.stlouisfed.org/series/CIVPARTBank Term Funding Program:https://www.federalreserve.gov/financial-stability/bank-term-funding-program.htmTotal emergency loans from the Fed's BTFP facility have hit a new high of $107.39 billion:https://twitter.com/JoeConsorti/status/1695037241238696181Why Fed's Powell still thinks high inflation is 'temporary':https://www.reuters.com/business/why-fed-chair-powell-still-thinks-high-inflation-is-temporary-2021-08-27/I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #Fed #Powell Disclaimer Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=QceBzuSD-N0