# Central Bank Control Is Breaking | Weekly Roundup

Page: https://stenobird.com/podcast/forward-guidance-4502930/central-bank-control-is-breaking-weekly-roundup
Text version: https://stenobird.com/podcast/forward-guidance-4502930/central-bank-control-is-breaking-weekly-roundup.md
Podcast: [Forward Guidance](https://stenobird.com/podcast/forward-guidance-4502930)
Published: 2026-04-30T07:00:00+00:00
Episode link: https://traffic.megaphone.fm/BWG9969498565.mp3?updated=1777517667
Audio file: https://traffic.megaphone.fm/BWG9969498565.mp3?updated=1777517667
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/forward-guidance-4502930/episodes/central-bank-control-is-breaking-weekly-roundup
Duration seconds: 3751

## Resource

Markets may be entering a volatile new regime where inflation, geopolitics, and policy fragmentation collide, challenging the stability investors have relied on for decades. This week, we break down the latest Fed meeting and what it signals about shifting power from central banks toward fiscal and political forces shaping markets. We also explore rising inflation pressures, fiscal dominance, oil shocks, Japan’s growing instability, and why traditional macro playbooks may no longer apply. Enjoy! TIMESTAMPS: 00:00 Intro 03:08 Fed Dissents And Warsh 08:45 No Cuts Without Crisis 11:04 End Of The Powell Era 14:03 Ads (Fidelity Crypto) 15:01 Global Yields Break Higher 17:23 Inflationary Growth Regime 20:11 Oil Shock Hits Markets 23:25 Export Ban Risk 28:26 Late Cycle Boom 36:34 Japan’s Breaking Point 48:24 Carry Trade Lose Lose 53:08 The Yield Smile 57:05 Inflation Wave Baked In 01:00:25 Hard Assets Win FOLLOW THE SHOW › Forward Guidance – https://x.com/ForwardGuidance › Felix – https://x.com/fejau_inc › Quinn – https://x.com/qthomp › Tyler – https://x.com/Tyler_Neville › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks RESOURCES › Weekly Roundup Charts – https://drive.google.com/file/d/1pKJPVYyMItlwJcDPJiD2ST19OzeojYPB/view?usp=sharing SPONSORS › FIDELITY CRYPTO This episode is brought to you by Fidelity Crypto. Learn more at Fidelity.com/crypto Fidelity Crypto was built in-house with over a dozen years of crypto experience. So you can trade crypto and stocks in one place at Fidelity, backed by industry-leading security. Fidelity Crypto. We're here to help you feel good about investing in crypto. Crypto is offered by Fidelity Digital Assets, NA, is not insured by FDIC or SIPC and includes risk of complete loss. Securities offered by Fidelit…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/forward-guidance-4502930/episodes/central-bank-control-is-breaking-weekly-roundup/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/forward-guidance-4502930/central-bank-control-is-breaking-weekly-roundup.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.