Weekend Reads: Fed rethink, EV race, yen rescue

The opinions expressed here are those of the authors. Aug. 14 (Reuters) - Looking for inspiration? Every Friday, Weekend Reads rounds up what the Reuters Open Interest team has been reading, watching and listening to. This week's picks span Federal Reserve monetary policy, electric vehicles, industrial policy, forex intervention, investing and energy security. This weekend, we're reading... **MIKE DOLAN, ROI Finance & Markets Columnist:** This short column by [James Galbraith](https://www.project-syndicate.org/commentary/soft-monetarism-for-warsh-fed-wouldnt-work-by-james-k-galbraith-2026-08) on Project Syndicate critiques Fed Chair Kevin Warsh's suggestion that money supply targeting should be brought back into the central bank's toolkit. It ends with a sharp anecdote about the huff and puff when the idea was last in vogue in the 1970s, when Galbraith himself was on the House Banking Committee. **GAVIN MAGUIRE, ROI Global Energy Transition Columnist:** This analysis by environmental journalist [Andy Revkin](https://revkin.substack.com/p/trumps-war-of-choice-on-iran-is-measurably) examines how the war in Iran is accelerating the uptake of electric vehicles around the world. **ANDY HOME, ROI Metals Columnist:** Reuters colleague Ernie Scheyder examines a proposed new primary aluminium smelter in Oklahoma. The U.S. desperately needs one, but the massive project has drawn opposition and become a key issue in the contentious governor's race: "Build it in Mar-a-Lago!" **JAMIE MCGEEVER, ROI Markets Columnist:** The U.S. Treasury's rare intervention in currency markets alongside Japan's Ministry of Finance to support the yen raises more questions than answers. Tokyo and Washington share the same goal but for different reasons. FX intervention alone won't cut it — fundamental changes in their respective domestic policies are needed, [argues Mark Sobel](https://www.omfif.org/2026/08/japans-yen-intervention-and-the-us-unusual-support/), vice chair of the Official Monetary and Financial Institutions Forum, and a former U.S. Treasury official. **We're listening to...** **JAMIE MCGEEVER, ROI Markets Columnist:** Barry Ritholtz, co-founder and CIO of Ritholtz Wealth Management, is always worth listening to. In this wide-ranging [Rational Reminder podcast](https://www.youtube.com/watch?v=uad0Yt2pFVs&t=1669s), he delivers a few home truths about investing, market and economic models — and, yes, financial media: "90% of all financial products are crap." **And we're watching...** **ANNA SZYMANSKI, ROI Editor-in-Charge:** In the latest episode of [Reuters Econ World](https://www.reuters.com/podcasts/europes-electric-dreams-2026-08-12/), ROI Energy Columnist Ron Bousso joins host Carmel Crimmins to examine whether renewables, nuclear power and a massive grid overhaul can bolster Europe's energy security before its competitors pull further ahead. Opinions expressed are those of the authors. They do not reflect the views of Reuters News, which, under the [Trust Principles](https://www.thomsonreuters.com/en/about-us/trust-principles), is committed to integrity, independence, and freedom from bias. (Editing by Marguerita Choy)

Weekend Reads: Fed rethink, EV race, yen rescue

This week's picks span policy, EVs and FX intervention

Reading picks on the Fed, EVs, industrial policy and the yen

Listening and watching picks on investing and energy security

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