Oil Prices Will Go Back to $125 a Barrel: Gordon

The transcript discusses the Federal Reserve's challenges in managing inflation and interest rates, influenced by energy prices and market expectations. It highlights the impact of geopolitical risks and agricultural production on inflation. Emerging markets face currency pressures due to a strong dollar, and central banks are strategizing to manage these challenges. The discussion includes potential interventions and the interplay between the Fed and other central banks.

What factors are contributing to the pressure on the Japanese yen?

How might agricultural production reports affect inflation expectations?

What strategies might central banks employ to defend their currencies?