The US-Japan Yen Intervention That Wasn't Quite What It Seemed When a photo surfaced of Treasury Secretary Scott Bessent's to-do list, one item stood out: "Buy Japanese yen." Not "monitor yen…
Brad Setser — Podcast Appearances & AI Summaries
Brad Setser has appeared on 2 podcast episodes in our AI-summarized catalog, including Odd Lots. Every appearance below has a free 5-minute AI summary.
What Brad said
“The irony of the guy working for Soros and Stanley Druckenmiller who broke the Bank of England back in '92 pretending that you can do FX intervention alone and lastingly defend a currency is just amazing.”
— Adam Posen, as quoted by Brad Setser, on the audacity of the intervention.
“The world doesn't love China, I think. China can be a coercive power... Yet it is very, very difficult for most countries around the world to respond by not trading with China.”
— Brad Setser, on the limits of geopolitical sentiment in trade and finance.
“To me, the core question is not really whether the geopolitics will change things... I think the real question is is that the same thing is this intense overweight in the dollar sustainable when we have fairly reckless policies? And the answer so far has been yes.”
— Brad Setser, on the resilience of dollar demand.
Episode appearances
2“The notion that reserves are the source of inflows into dollars is a bit dated,” says Brad Setser, the Whitney Shepardson Senior Fellow at the Council on Foreign Relations. In a wide-ranging…
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