Jim Power

He has said he agrees with that view of the world.

So really, he is setting himself up to be the stooge of Donald Trump and that once he assumes office,

he will start to cut interest rates and try and give Trump and the Republicans some boost ahead of the midterms in November.

So the question then, of course, is what this might or might not do to the credibility of the Federal Reserve.

And if the credibility of the Federal Reserve is undermined, the implications of that for US financial markets, for the safe haven status of US assets will be really interesting to watch.

Absolutely.

Meanwhile, Trump has sacked his Labour secretary, Laurie Chavez de Remy, an interesting lady by all accounts.

Well, US 10-year is at 425.

Yeah.

German is at 392.96.

The last podcast we did on Friday, which you put up over the weekend about peace in our time, you know, we were talking about the sustainability of it.

And then, of course, over the weekend, you saw the U.S.

Marines boarding an Iranian ship.

blowing a hole in the hull of it um and you thought at that stage wow this whole thing is just going to blow up again pardon the pun uh but actually it kind of hasn't yet and talks are due to recommence does that send out a signal to you of course anything can happen in these talks but there's there appears to be a strong desire on both sides now to end this as quickly as possible trump obviously wants out of there as quickly as possible um but

I thought the Iranians would react much more aggressively to what happened in the Strait of Hormuz there on Sunday.

And of course, we don't know what Netanyahu believes at this stage.

So would you be more confident that actually we are in the early stages of a settlement here?

The final point I want to talk about today quickly, Chris, is a story that broke in Ireland over the weekend.

Leo Varadkar, the former Taoiseach and leader of Fine Gael, did a podcast with Matt Cooper where he was referring back to some of the claims that were made during the protests a couple of weeks back.

And I have to say, these claims pissed off Leo Varadkar.