Bloomberg Daybreak: US Edition Trump Calls for Release of Epstein Jury Documents; Powell Answers Criticism of Fed Renovations
Jul 18, 2025
Trump pushes for the release of grand jury testimony related to Epstein, highlighting the quest for transparency. Meanwhile, Fed Chair Powell responds to criticism over a costly renovation project amid economic debates and interest rate cuts. As other media companies downsize, Netflix remains on the rise, showcasing resilience in a shifting landscape. The podcast also explores the interplay between tariffs, inflation, and the economy, shedding light on business adaptations to ongoing challenges.
AI Snips
Chapters
Transcript
Episode notes
Trump Pushes Epstein Docs Release
- President Donald Trump authorized the Justice Department to seek release of Epstein grand jury testimony amid pressure for transparency.
- Courts usually keep such testimony secret, making release uncertain despite political support.
Powell Defends Fed Renovations
- Federal Reserve Chair Jerome Powell cited rising building costs for the $2.5 billion Fed renovation overruns.
- White House budget director criticized the project as horribly mismanaged with real-world implications.
Fed Governor Supports Rate Cuts
- Fed Governor Christopher Waller supports a 25 basis point rate cut soon to support a weakening labor market.
- He signals openness to further cuts if inflation stays in check and growth remains slow.