Trump Targets the Fed, French Markets in Turmoil & UK Inflation Surges Again

Piers is back on the mic, and just in time. The markets are heating up and so is the political pressure. In this episode, Anthony and Piers unpack Trump’s latest attack on the Federal Reserve, this time zeroing in on Governor Lisa Cook with allegations of mortgage fraud. Is this just another headline-grabbing move, or a serious threat to the Fed’s independence?Then, the focus shifts to France, where political chaos is shaking investor confidence and French markets are tanking. Could Macron’s government collapse? And what happens if it does?Closer to home, UK households are facing another blow as food and energy prices spike. So why is the Bank of England cutting rates while inflation is rising?Also in this episode: market reactions to Powell’s Jackson Hole speech, the bond market’s inflation signals, and why traders keenly awaiting the upcoming payrolls report.(00:00) Reunion and Market Overview(04:33) Trump's Influence on the Fed(27:58) Political Turmoil in France(38:12) UK Inflation and Economic Outlook