In This Issue ...

Good ol' Punxsutawney Phil woke up and saw his shadow this morning, which, legend (and history since 1887!) tells us, means six more weeks of winter. But in true DC fashion, a stuffed groundhog, Potomac Phil, didn't see his shadow at the Dupont Circle fountain, suggesting an early spring.

Hard to imagine a disagreement in Washington! 

Groundhog Day fun aside, we don't need either Phil to tell us that a shadow continues to hang over crypto assets, and the Federal Reserve Board has had lots to say about that in recent days.  

And speaking of weather and climate, we've included two very timely items written for our sister publication, Cadwalader Climate, in today's newsletter. 

As always, we look forward to hearing from you. Please drop me a here if there are any topics covered this week that raise some questions. 

Daniel Meade 
Editor, Cabinet News and Views

February 2, 2023
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