Squawk on the Street Fed's Waller Talks July Rate Cut, Trump's "Two Weeks" Message, Tesla Robotaxi Countdown 6/20/25
Jun 20, 2025
Dan O'Dowd, co-founder of the Dawn Group and CEO of Green Hills Software, is a notable critic of Tesla's autonomous driving technology. In this conversation, he shares his concerns about Tesla's upcoming robo-taxi launch, emphasizing safety issues and tech accountability. The discussion also touches on the Federal Reserve's potential rate cuts and the geopolitical tensions surrounding U.S. military involvement in the Middle East. O'Dowd's insights highlight the intersection of technology and safety in a changing economic landscape.
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Waller Signals Possible July Rate Cut
- Fed Governor Christopher Waller indicated the possibility of rate cuts as soon as July if inflation continues declining to target levels.
- This dovish stance contrasts the Fed majority but reflects an easing mindset despite inflation concerns.
Two-Week Window on Iran Decision
- President Trump stated he will decide within two weeks on potential U.S. military involvement with Israel against Iran.
- U.S. officials are not part of ongoing European-Iran talks, supporting diplomatic efforts through allies.
Tesla's Self-Driving Safety Fails
- Dan O'Dowd demonstrated Tesla's self-driving software repeatedly failing to recognize stopped school buses, risking pedestrian safety.
- He recounted a real incident where a Tesla injured a child, underscoring the system's dangers if uncorrected.