Bloomberg Businessweek Trump’s Fed Pick Draws Fire at Hearing; Live From Power Players New York
Sep 5, 2025
Max Levchin, Co-Founder & CEO at Affirm, shares insights on the fintech landscape and the rise of buy-now-pay-later services. He discusses the potential risks and the growing consumer interest shaping financial trends. Derek Sprague, CEO of PGA of America, explores the upcoming Ryder Cup and the efforts to make golf more accessible, highlighting its resurgence during the pandemic. Jason Kelly, Bloomberg Originals Chief Correspondent, reflects on the newest season of “The Deal,” emphasizing the evolving narratives in sports and business.
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Fed Independence Questioned
- Stephen Miron pledged central bank independence while saying he would remain tied to the White House role, creating a credibility tension.
- Michael McKee suggests that such dual roles make true independence doubtful and politically risky.
Data And Politics Drive Fed Outlook
- Short-term Fed decisions may hinge on weak jobs data and ADP's low payroll estimate.
- Longer-term market concern centers on politicization risks from the Lisa Cook legal fight.
Prefer Fixed-Term Transparent Credit
- Use Affirm as a transparent alternative to revolving credit by offering fixed-dollar interest and no late fees.
- Prepaying reduces total interest and automatic payments prevent missed payments.