Send us a text In this episode of The Wall Street Skinny, we explore the escalating tension between former President Trump and Fed Chair Jerome Powell, how markets reacted, and what it reveals about the importance of central bank independence. Jen also breaks down "Operation Twist"—a lesser-known but powerful Fed tool—and explains how it differs from traditional rate cuts or quantitative easing. Next, we turn to the U.S. dollar, which recently hit a three-year low. Why does a falling dollar matter, and how does it impact everything from inflation to global trade dynamics? We explore the broader implications of currency devaluation in both the U.S. and China, unpack how exchange rates influence purchasing power and investor sentiment, and challenge popular internet takes that frame this as a one-sided currency war. Spoiler: weak currencies on both sides of a trade war mean everyone loses. Finally, we zoom in on Yale’s rumored $6 billion sale of private equity stakes—about 15% of its endowment. What does this tell us about the liquidity crunch facing endowments? We explain how the secondaries market works, why endowments like Yale are turning to it, and the growing tension between LPs and PE firms over approvals and fees. For anyone curious about the inner workings of endowments, private equity, or portfolio rebalancing in volatile times, this is a must-listen. Private Equity Secondaries 101 https://youtu.be/KvayQmu8vNY Sign up for our Talent Accelerator HERE today! https://thewallstreetskinny.com/talent-accelerator/ Our Investment Banking and Private Equity Foundations course is LIVE: https://thewallstreetskinny.com/investment-banking-private-equity-fundamentals/ Learn more about 9fin HERE Shop our Self Paced Courses : Investment Banking & Private Equity Fundamentals HERE Fixed Income Sales & Trading HERE Wealthfront.com/wss . This is a paid endorsement for Wealthfront. May not reflect others’ experiences. Similar outcomes not guaranteed. Wealthfront Brokerage is not a bank. Rate subject to change. Promo terms apply. If eligible for the boosted rate of 4.15% offered in connection with this promo, the boosted rate is also subject to change if base rate decreases during the 3 month promo period.The Cash Account, which is not a deposit account, is offered by Wealthfront Brokerage LLC ("Wealthfront Brokerage"), Member FINRA/SIPC. Wealthfront Brokerage is not a bank. The Annual Percentage Yield ("APY") on cash deposits as of 11/7/25, is representative, requires no minimum, and may change at any time. The APY reflects the weighted average of deposit balances at participating Program Banks, which are not allocated equally. Wealthfront Brokerage sweeps cash balances to Program Banks, where they earn the variable APY. Sources HERE .
