We're still in the middle of a "crypto winter" with the price of coins well off their highs from back in 2021. But debates over how to regulate them are heating up, with significant disagreements among US politicians and agency chiefs. At the recent ISDA Annual General Meeting, we sat down with CFTC Chief Rostin Behnam to talk about his view on crypto rules and more. Among the things we discussed are what constitutes a security or a commodity, market structure questions, new types of betting markets, and other matters currently facing the CFTC. 

We're still in the middle of a "crypto winter" with the price of coins well off their highs from back in 2021. But debates over how to regulate them are heating up, with significant disagreements among US politicians and agency chiefs. At the recent ISDA Annual General Meeting, we sat down with CFTC Chief Rostin Behnam to talk about his view on crypto rules and more. Among the things we discussed are what constitutes a security or a commodity, market structure questions, new types of betting markets, and other matters currently facing the CFTC.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday. 

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday and Thursday.

CFTC Chair Rostin Behnam on the Fight to Regulate Crypto

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/625d9bcb-69da-4a83-9d10-b005014a08ef/transcript

Last week, the Federal Reserve cut benchmark rates by 25 basis points, but simultaneously signaled a slower pace of cuts for next year. The guidance surprised markets and sparked a selloff in both stocks and bonds as traders adjusted to the new forecast. So what made the Fed change its stance? And where do the balance of risks to the economy lie right now? In this episode, we speak with Federal Reserve Bank of San Francisco President Mary Daly about how she's viewing the outlook for both inflation and the labor market. We also talk about the impact of AI on productivity, and how she's thinking about the potential impact of new policies from the incoming Trump administration.

Read More:
Fed’s Daly Says She’s ‘Very Comfortable’ With Two 2025 Rate Cuts
Powell Signals Fed’s Focus Has Returned Firmly to Inflation

Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and exclusive access to our daily Odd Lots newsletter. Already a subscriber? Connect your account on the Bloomberg channel page in Apple Podcasts to listen ad-free.

Last week, the Federal Reserve cut benchmark rates by 25 basis points, but simultaneously signaled a slower pace of cuts for next year. The guidance surprised markets and sparked a selloff in both stocks and bonds as traders adjusted to the new forecast. So what made the Fed change its stance? And where do the balance of risks to the economy lie right now? In this episode, we speak with Federal Reserve Bank of San Francisco President Mary Daly about how she's viewing the outlook for both inflation and the labor market. We also talk about the impact of AI on productivity, and how she's thinking about the potential impact of new policies from the incoming Trump administration.
Read More: <a href="https://bloom.bg/41JtRTM">Fed&rsquo;s Daly Says She&rsquo;s &lsquo;Very Comfortable&rsquo; With Two 2025 Rate Cuts</a> <a href="https://bloom.bg/4gHYeyg">Powell Signals Fed&rsquo;s Focus Has Returned Firmly to Inflation</a>
Become a Bloomberg.com subscriber using our special intro offer at <a href="http://www.bloomberg.com/podcastoffer?utm_medium=referral&amp;utm_source=Podcast&amp;utm_campaign=OddLots">bloomberg.com/podcastoffer</a>. You&rsquo;ll get episodes of this podcast ad-free and exclusive access to our daily Odd Lots newsletter. Already a subscriber? Connect your account on the <a href="https://podcasts.apple.com/us/channel/bloomberg/id6442484579">Bloomberg channel page</a> in Apple Podcasts to listen ad-free.

San Francisco Fed President Mary Daly Explains the 'Hawkish Cut'

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/3d122a5b-c97e-48bd-b2dd-b24c0183ead1/transcript

On Wednesday, the Federal Reserve cut interest rates by 25 basis points as expected. But it also raised its inflation outlook for 2025, and sees just two more cuts next year. The markets reacted violently to it, with the major measures posting their worst day in a long time. What's more, there was nowhere to hide. Bonds and gold also sold off, alongside equities. So what's going on now? And what does this mean for portfolio construction? On this episode, we speak with Jim Caron, chief investment officer of the Portfolio Solutions Group at Morgan Stanley Investment Management. We talked about why the market reacted as sharply as it did, and how to think about next year, given highly concentrated markets, uncertain macro, and the difficulty in finding diversifying instruments.

Read More: Powell Says Future Cuts Would Require Fresh Inflation Progress

Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and exclusive access to our daily Odd Lots newsletter. Already a subscriber? Connect your account on the Bloomberg channel page in Apple Podcasts to listen ad-free.

On Wednesday, the Federal Reserve cut interest rates by 25 basis points as expected. But it also raised its inflation outlook for 2025, and sees just two more cuts next year. The markets reacted violently to it, with the major measures posting their worst day in a long time. What's more, there was nowhere to hide. Bonds and gold also sold off, alongside equities. So what's going on now? And what does this mean for portfolio construction? On this episode, we speak with Jim Caron, chief investment officer of the Portfolio Solutions Group at Morgan Stanley Investment Management. We talked about why the market reacted as sharply as it did, and how to think about next year, given highly concentrated markets, uncertain macro, and the difficulty in finding diversifying instruments.
Read More: <a href="https://bloom.bg/3ZOEYIH">Powell Says Future Cuts Would Require Fresh Inflation Progress</a>
Become a Bloomberg.com subscriber using our special intro offer at <a href="http://www.bloomberg.com/podcastoffer?utm_medium=referral&amp;utm_source=Podcast&amp;utm_campaign=OddLots">bloomberg.com/podcastoffer</a>. You&rsquo;ll get episodes of this podcast ad-free and exclusive access to our daily Odd Lots newsletter. Already a subscriber? Connect your account on the <a href="https://podcasts.apple.com/us/channel/bloomberg/id6442484579">Bloomberg channel page</a> in Apple Podcasts to listen ad-free.
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Jim Caron on the Market Selloff and the Fed's Historic Adjustment

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/87a1555a-f750-4c28-a23c-b24b0158643a/transcript

The world of startup investing has undergone massive transformations amid the AI boom, changing capital markets, and an intense degree of competition from new entrants into the space. So what does it take to succeed in venture capital? How does an investor know if they have what it takes? On this episode, recorded in San Francisco, we speak with Nina Achadjian, a partner at Index Ventures. She talks about her career, how she differentiates herself from other investors, and the sectors she's most excited about, including what areas are poised to benefit from AI.

Become a Bloomberg.com subscriber using our special intro offer at bloomberg.com/podcastoffer. You’ll get episodes of this podcast ad-free and exclusive access to our daily Odd Lots newsletter. Already a subscriber? Connect your account on the Bloomberg channel page in Apple Podcasts to listen ad-free.

The world of startup investing has undergone massive transformations amid the AI boom, changing capital markets, and an intense degree of competition from new entrants into the space. So what does it take to succeed in venture capital? How does an investor know if they have what it takes? On this episode, recorded in San Francisco, we speak with Nina Achadjian, a partner at Index Ventures. She talks about her career, how she differentiates herself from other investors, and the sectors she's most excited about, including what areas are poised to benefit from AI. Become a Bloomberg.com subscriber using our special intro offer at&nbsp;<a href="http://www.bloomberg.com/podcastoffer?utm_medium=referral&amp;utm_source=Podcast&amp;utm_campaign=OddLots">bloomberg.com/podcastoffer</a>. You&rsquo;ll get episodes of this podcast ad-free and exclusive access to our daily Odd Lots newsletter. Already a subscriber? Connect your account on the <a href="https://podcasts.apple.com/us/channel/bloomberg/id6442484579">Bloomberg channel page</a> in Apple Podcasts to listen ad-free.

Nina Achadjian on What It Takes to Win in VC Right Now

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f53ebd14-c9ea-407b-9370-b24a01644cae/transcript

CFTC Chair Rostin Behnam on the Fight to Regulate Crypto

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