Bloomberg Businessweek Bloomberg Businessweek Weekend - July 18th, 2025
Jul 18, 2025
Guest
Zeke Fox
Guest
Stacey Vanek-Smith
Guest
Cristina Lindblad
Guest
Daniel Flornis
Guest
Harmeet Singh
Guest
James Letinsky
James Letinsky, the CEO of MP Materials, discusses a pivotal DoD investment aimed at bolstering the rare earths production landscape and its implications for national security. Harmeet Singh shares insights into Levi Strauss' strategies for managing tariff uncertainties amidst changing consumer behavior. Daniel Flornis provides a keen look into how Fastenal navigates the industrial economy affected by tariffs. Meanwhile, Zeke Fox dives into the tangled relationship between politics and crypto ventures, shedding light on Binance's hurdles in the evolving regulatory landscape.
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Episode notes
Risks of Removing Fed Chair
- Removing Fed Chair Powell would shatter decades of Fed independence tradition.
- Market trust in US Treasury and dollar stability would erode, raising interest rates significantly.
Fed Chair Not Sole Policymaker
- Monetary policy is decided by committee, not just the Fed Chair alone.
- Targeting Powell personally undermines Fed's purpose and credibility in controlling inflation.
Historical Fed Pressure Consequences
- Political pressure on Fed to cut rates often leads to high inflation and policy struggles.
- Recent pressure marks a sharp departure from the stable inflation era over past three decades.
