Hello!

Welcome to the dear J letter episode of Slate Money

your guide to the business and finance news of the week a week in which Treasury Secretary Steve Mnuchin seems to have broken up with

Fed Chair Jay Powell. I am Felix Salmon of Axios I'm here with Emily Pack of Huffpost

Hello I'm here with Anna Shimansky of Breakinging Views

Hello

we are gonna talk about this breakup which came in the form of a letter from Manushin to Powell a letter which

we're going to unpack we're going to talk about a whole bunch of companies that have

filed to go public this week we're going to talk about Airbnb we're going to talk about Airbnb. We're going to talk

about Doordash. We're even sort of en passon going to talk about Peloton which turns

out to have been a large part of a firm's business.

And we have a slate plus segment about traveling for the holidays.

Should you do it even if you think you're going to be safe?

Emily is shaking her head. Emily, should you travel for the holidays?

Absolutely not. Do not travel for the holidays. The Slate Plus segment is a little bit more involved in that, but that's the TLDR. Stay tuned. All of that coming up on slate money.

So let's talk about the Federal Reserve and this amazing dynamic duo that we've talked about before on this show of Jay Powell and Stephen Mnuchin working hand in glove together to provide the kind of backstop that

has undergirded a surprisingly strong recovery from our spring doldrums.

Looks like suddenly this handing glove

we love each other relationship

between Stephen Venetian and Jay Powell

has become a massive great fight.

What on earth is going on?

...