How to Prepare for a Post-Dollar World with Inigo Fraser Jenkins

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Hello, and welcome to another episode of the Odd Laws podcast. I'm Joe Weisenthal. And

I'm Tracy Alloway.

Tracy, we can't go too long without talking about the role of the dollar in The United States, the pillar of the global financial system, whether there is some threat to it or not. We are recording this July 17. It has been a fresh week of headlines about, say, independence of the Federal Reserve and all of the things that we talk about all of the time. So we sort of need to return to this central question.

Yeah. The interesting thing about the Fed chair drama is when the initial headlines came out about Trump possibly firing Powell. Yeah. The big reaction wasn't the dollar. Right? It wasn't in markets. It wasn't even bonds. It was the currency. Totally.

And I think this is one of those things where I don't know. We don't know what's gonna happen, whether Trump will actually try to find cause to fire Powell. Who knows what will even happen by the time people are listening to this episode. But, you know, I think people get the sense that with the Fed chair, with many other thing, there is this sort of, like, erosion of an existing set of norms or expectations, etcetera. And so, you know, I think arguably some damage, for better or worse, has already been done to the existing institutional arrangement. Everyone around the world is paying attenti