'A recipe for higher costs and lower living standards'

Why is Trump pushing Coca-Cola to use cane sugar? How did inflation affect stock and bond markets today? What caused Scale AI's recent layoffs after Meta funding? Why are crypto bills stalling again in the House? How will firing Fed Chair Powell impact the economy? Why is ASML's stock tumbling after Q2 earnings? What led to United Airlines lowering its 2025 profit forecast?

'A recipe for higher costs and lower living standards'

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'A politically captive Fed would be a weak Fed'
Ernie Tedeschi at Bloomberg
Replacing Fed Chair Jerome Powell with "someone more willing to follow the administration's preferences in setting interest rates" could have a "profound impact on the economy and the cost of living for…

This story appeared on theweek.com, 2025-07-16 17:26:12.