Bloomberg News Now June 25, 2025: WSJ: Trump Considers Naming Powell Replacement, NATO Goals, More
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Jun 26, 2025 The discussion delves into Trump's potential replacement for the Federal Reserve Chair, raising questions about economic stability. NATO's military spending commitments amid geopolitical tensions are also explored. Additionally, the episode highlights a transformative case study where a UK retailer turned their financial struggles around with innovative tech solutions, showcasing how proactive technology management can enhance productivity in modern workplaces.
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Trump Weighs Early Fed Chair Replacement
- President Trump is considering replacing Fed Chair Jay Powell early due to perceived reluctance to lower interest rates.
- Potential successors include Kevin Warsh, Kevin Hassett, David Malpass, and Chris Waller.
Caution on Tariff Impact Validated
- Goldman Sachs Vice Chair Robert Kaplan supports Powell's caution regarding tariff impacts.
- Clarity around tariffs is improving but uncertainty remains in the business community.
NATO Military Spending Surge
- NATO members commit to raising military spending to 5% of GDP due to concerns over Russian aggression.
- Spain's reluctance to meet this target drew threats of trade restrictions from President Trump.