Stacey Vanek Smith

Portrait of a Young DOGE Coder Dismantling America’s Institutions Luke Farritor could have been an artist, or a builder, or someone dedicated to seeing a great historical mystery through. Instead he wound up at the Department of Government Efficiency, slashing, dism...

Today’s Bw Reads newsletter was mistakenly sent on Friday, if you want to go back in your email to find it. Otherwise, please enjoy this gift link of one great story from Businessweek to read today.

Me too!

Is Trump playing 4D chess?♟️ We ask a grandmaster Ken Rogoff to weigh in.

(He’s also an economist and author of Our Dollar Your Problem. He talks GDP and tariffs with @chafkin.bsky.social and me this week on Everybody’s business from @bloomberg.com
link.podtrac.com/4pqqcc8s

Powell Under Siege as Fed Plans to Stand Pat on Rate Cuts

As the Fed prepares to again hold rates steady, Powell is under siege

He not only faces relentless attacks from Trump and an active competition to replace him as chair, but also divisions within his own ranks about when to restart cuts

www.nytimes.com/2025/07/29/b... @nytimes.com

RIP CFPB?

The agency was created to protect consumers and hold financial
Institutions to account. They were target #1 for DOGE. This week on Everybody’s Business from
@bloomberg.com @chafkin.bsky.social and I talk with a former worker.

link.podtrac.com/4pqqcc8s

Tonight!

A New Era for WIRED—That Starts With You As of today, there are even more ways to enjoy WIRED’s journalism, including premium newsletters and livestream Q&As. Join us.

Wired rules. Just an incredible group of journalists who are completely meeting the moment. And you can subscribe for $2 a month, which is insane www.wired.com/story/a-new-...

Alaskan backcountry, thawing permafrost, a landscape and culture in transition. @benweissenbach 's beautiful book, North to the Future, has it all. I'll be talking with him about it on Thursday at @phbookstores.bsky.social in Brooklyn. Come and join us!

powerhousearena.com/events/book-...

President Trump has been talking a lot about firing Federal Reserve Chair Jerome Powell. Why? And why does it matter? #economy #federalreserve #jeromepowell #trumpeconomy

My latest for @bloomberg.com

Scott Bessent calls for probe into ‘the entire Federal Reserve institution’ Treasury secretary is latest top Trump administration official to criticise the central bank

Bessent was supposed to be one of the adults. The guy the markets trusted.
www.ft.com/content/54eb...

This is an excellent point. Gabriela bought the purse from a local man who was making a living making the purses. I agree the situation there is tragic, hyperinflation destroys economies and people's savings and livelihoods. I did not mean in any way to be frivolous about that

The Fed Isn’t a Popularity Contest Why economists say independence matters. Plus: Who’s running Myanmar’s rare-earths mines.

Venezuelan economist Gabriela Saade once gave me a purse woven from bolivars (40,000 worth). The price: $3

It was an unforgettable symbol of hyper-inflation and I think of it whenever challenges to Jerome Powell and Federal Reserve Independence come up.

www.bloomberg.com/news/newslet...

Fed Fight: It’s Trump vs Jerome Powell. Why an Independent Fed matters @chafkin.bsky.social and I talk with @marthagimbel.bsky.social this week on Everybody’s Business from @businessweektr.bsky.social @bloomberg.com

#jeromepowell #federalreserve #economy

Funding cuts will hit rural areas hard. One station manager explains how NPR's Juana Summers speaks with Tom Michael, general manager of Boise State Public Radio, about what the cuts to federal public media funding mean for his station.

My first memories of public radio were listening with my parents at our ranch in Idaho. I never could have imagined I’d be lucky enough to be a part of it. The #NPR defunding hits home. I loved this convo w/
@jsummers.bsky.social @tom2michael @boisestatepublicradio.org
www.npr.org/2025/07/18/n...

Thank you for the great edit, Stacey!

The Fed Isn’t a Popularity Contest Why economists say independence matters. Plus: Who’s running Myanmar’s rare-earths mines.

Low interest rates are fun, everybody loves them. But sometimes they have to go up, and the person who raises them isn't going to be popular. And that's why we have an independent Fed. And why Trump's yelling at Powell all the time. Here's @svaneksmith.bsky.social:

Pointed: The News Quiz for Risk-Takers by Bloomberg Wager your points, leverage your bets and answer wisely. A new quiz is available to play each week.

So far, only 39 players have received a perfect score on the latest edition of Pointed.

Do you think you can join the 190-point club? Prove it and play now:

Trump v The Federal Reserve Chair Podcast Episode · What A Day · 07/17/2025 · 22m

Powell vs. Trump: what’s the beef? So much fun talking with
@janecoaston.bsky.social What A Day from
@CrookedMedia Check it out!

podcasts.apple.com/us/podcast/t...

What types of items are likely to see price hikes due to tariffs? Which everyday item prices are likely to be affected by tariffs first, and how can people prepare? NPR's Sarah McCammon speaks with Bloomberg's Stacey Vanek Smith.

Was such a joy talking tariffs with @sarahmccammon.bsky.social today on Morning Edition @npr.org My take: Effects will be felt on everything everywhere... but not all at once

www.npr.org/2025/07/16/n...

It’s absolutely true that a lot of the reason the BBB increases the debt is because of tax cuts to the wealthiest
Americans.

Thank you for listening

Overthinking About Generational Wealth Magical Overthinkers · Episode

So much fun being on Magical Overthinkers (alongside @wailinwong.bsky.social ) talking generational wealth. Check it out!

open.spotify.com/episode/3Cmw...

Why is a 50% tariff being put on copper? And what will it mean for the economy (and for us?) @joedeaux.bsky.social joins @chafkin.bsky.social and me on Everybody’s Business from @businessweektr.bsky.social @bloomberg.com #copper #tariffs #economy

Great song!!!

Has the U.S. entered its middle-aged man era? This week @bradstone.bsky.social and I talk with Dr. Allison Schrager on Everybody’s Business from @businessweektr.bsky.social @bloomberg.com #economy #jobs #unemployment

The #bigbeautifulbill is become a big beautiful law… what will it mean for business and the #economy ? #deficit #nationaldebt

Join us 7/15 @ 11am CT for a webinar on how weather-related risk impacts access to mortgage and business loans in the U.S.
Hear from:
Ralf Meisenzahl
@jennyschuetz.bsky.social
Nicole Elam
@macmccomas.bsky.social
@nitzantzur.bsky.social &
@svaneksmith.bsky.social

web.cvent.com/event/54074c...

Hear from a panel of experts:
@nitzantzur.bsky.social, @macmccomas.bsky.social, @jennyschuetz.bsky.social, & Nicole Elam, moderated by @svaneksmith.bsky.social on how weather-related disaster risk impacts access to mortgage and business loans

Registration: www.chicagofed.org/events/2025/...

@kedseconomist.com joined @chafkin.bsky.social and @svaneksmith.bsky.social to explain how aggressive immigration enforcement risks disrupting key sectors and causing labor shortages—while debunking myths that immigrants take jobs from Americans or shrink the economy: www.youtube.com/watch?v=bbT0...

How Destabilizing Is Israel’s War With Iran? In this week’s episode of Everybody’s Business, we discuss the conflict’s implications for the world at large, including the global economy.

big ep this week -- @svaneksmith.bsky.social and i talk to the great @greenwell.bsky.social about her new book and @johnauthers.bsky.social on Israel, Iran, and the markets www.bloomberg.com/news/article...

This week on Everybody’s Business from @businessweektr.bsky.social @bloomberg.com @chafkin.bsky.social and I look at the economy of Iran and why it’s so vulnerable in this conflict

#iranisrael #economy