# Inside the Fed Soap Opera: Firings, Scandals, Crypto Ties… and the Rise of Kevin Hassett Page: https://stenobird.com/podcast/the-pomp-letter-3932923/inside-the-fed-soap-opera-firings-scandals-crypto-ties-and-the-rise-of-kevin-hassett Text version: https://stenobird.com/podcast/the-pomp-letter-3932923/inside-the-fed-soap-opera-firings-scandals-crypto-ties-and-the-rise-of-kevin-hassett.md Podcast: [The Pomp Letter](https://stenobird.com/podcast/the-pomp-letter-3932923) Published: 2025-12-03T14:49:12+00:00 Episode link: https://pomp.substack.com/p/inside-the-fed-soap-opera-firings Audio file: https://api.substack.com/feed/podcast/180602319/ec46669d95271032e3f1fba4587124ed.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/the-pomp-letter-3932923/episodes/inside-the-fed-soap-opera-firings-scandals-crypto-ties-and-the-rise-of-kevin-hassett Duration seconds: 182 ## Resource Today’s letter is brought to you by Lava ! Lava’s bitcoin line of credit (BLOC) allows you to unlock your bitcoin’s purchasing power— instantly, flexibly, and securely— without selling your bitcoin. Now through the end of the year, Lava is offering a special promotional rate to all borrowers. Anyone who opens a BLOC this month will lock in a 5% interest rate, fixed for a full year. This is the last month to secure this rate for 2026. With Lava Refinance , you can easily bring your existing loans over to Lava and access the lowest fixed interest rates in the industry. Their white glove client services team will help you through the whole process. Lava allows you to borrow dollars in real time with no monthly payments, open terms, and full flexibility. Plus, you earn 5% APY on your USD balance, buy bitcoin with zero fees, and off-ramp globally. Grow your bitcoin wealth— without ever selling your bitcoin. To investors, There is wild speculation over who the next Federal Reserve Chairman will be. It has essentially become a finance soap opera. There was a period of time where the President was threatening to fire Jerome Powell. We saw the administration pressuring the Fed into cutting rates more aggressively. Housing Director Bill Pulte found reported mortgage fraud emanating from one of the Fed Governors, which led to a big legal dispute on whether the President could fire the Governor. And most recently, Stephen Miran replaced Adriana Kugler on the Fed’s Board of Governors after Kugler stepped down to return to academic life. This type of chaos is relatively unprecedented for America’s central bank. But the entire Trump administration has been relatively unprecedented, so maybe that makes the chaos part of the strategy. This brings us to the big question: who will be the… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-pomp-letter-3932923/episodes/inside-the-fed-soap-opera-firings-scandals-crypto-ties-and-the-rise-of-kevin-hassett/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/the-pomp-letter-3932923/inside-the-fed-soap-opera-firings-scandals-crypto-ties-and-the-rise-of-kevin-hassett.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.