In this episode of Markets Weekly, the speaker analyzes recent events, including the US bombing of Iranian nuclear facilities, and their impact on the stock and oil markets. The speaker also discusses declining personal incomes, softening labor market, and the weakening dollar. A significant portion of the episode is dedicated to the possibility of President Trump appointing a "shadow Fed chair" to influence monetary policy, evaluating potential candidates like Kevin Warsh, Secretary Besant, Kevin Hassett and Governor Waller, and concludes that monetary policy is becoming increasingly politicized.
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