Marketplace

High oil prices, big oil profits

August 3, 2026·26 min·5-min readconversationalnews
Podzilla Summary (5 min)
TLDR
A recent revelation of Treasury Secretary Scott Besant's to-do list — which included buying Japanese yen — highlighted coordinated U.S.-Japan intervention in currency markets to stabilize the yen. Meanwhile, economists express concern over the Federal Reserve's credibility amid bond marke

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Mentions

Books, people, and resources mentioned in this episode.

People

Scott BesantIshwar PrasadCatherine DominguezSenior currency economist at MUFGNicole ServiKevin WalshBruce TalbotDavid Sterley

Companies

MUFGWells FargoCornell UniversityUniversity of MichiganColorado State University

Topics

Business NewsClimate ChangeEconomicsFederal ReserveGlobal News

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