#FedOnTheEdge #DollarDrama #MarketsWatch

Transcript

00:00Here's your daily dose of reality with no sugarcoating, just the facts.

00:04The US dollar staged a modest comeback up 0.33% against the yen and nudging the dollar

00:12index 0.2% higher.

00:14But before you celebrate, these gains are as fragile as a vintage vinyl left in the

00:19sun.

00:20Why the wobble?

00:21Markets are spooked by the political tug of war over the Federal Reserve.

00:26Trump tried to oust Fed Governor Lisa Cook over alleged mortgage improprieties, Cook's

00:31fighting back, threatening to sue.

00:34If Trump fills more Fed spots, independence could become a relic of the past.

00:39Two-year Treasury yields hit their lowest point since May, signalling bets on quick rate cuts.

00:44Meanwhile, longer-term yields are climbing, inflation jitters are real.

00:48Listen, this isn't your grandma's economy lesson.

00:51If the Fed goes political, markets won't just catch a cold, they risk a full breakdown.

00:56Monetary policy must stay above the political fray or we're looking at a losing hand for

01:00stability.