Fed Renovations & Rebuilding the Middle Class 7/25/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 25 July 2025

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After President Trump’s eventful and rare visit to the Federal Reserve building with Fed Chair Powell, OMB Director Russell Vought discusses the building’s renovations and the President’s concerns about the central bank’s budget management. Vought visited the construction site alongside the President, and shares his hope that the project finishes quickly. Rep. Tom Suozzi (D-NY) is aiming to redistribute corporate wealth through his SHARE Plan Act. Rep. Suozzi explains his plan to rebuild the middle class with stock ownership. Plus, the FCC has approved Paramount’s merger with Skydance, and President Trump signed an executive order to limit money’s influence in college sports. Russ Vought - 14:32 Rep. Tom Suozzi - 29:05 In this episode: Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music, please.
0:02.0	Hi, I'm CNBC producer Katie Kramer.
0:06.0	Today on Squawk Pod.
0:08.0	I love him to lower interest rates.
0:11.0	Other than that, what can I tell you?
0:13.0	The presidential field trip that pitted the White House's numbers against the Fed Chair's facts.
0:19.0	It was almost like a sitcom, that little moment. This was a little crazy watching it yesterday.
0:22.6	Where does Chairman Jay Powell go from here?
0:25.6	A White House advisor who was at this extraordinary meeting at the Central Bank,
0:29.6	OMB director Russell Vote, joins us.
0:31.6	The Fed needs to be accountable for things that are beyond monetary policy.
0:36.6	He says it's about stewardship of buildings and the economy.
0:40.8	This is not a pressure campaign on the Fed chairman.
0:44.3	And a plan from New York Democrat Tom Swazi to bring corporate ownership success to America's middle class.
0:51.3	It'll result in some initial dilution of their share price probably, but once they get the
0:55.7	tax rate discount it, it'll result in an increase.
0:58.8	Plus the rest of today's news from college sports to the sale of Paramount for $8 billion
1:04.4	and a little extra.
1:06.0	This has been the most politicized of these things.
1:08.8	100%.
1:09.5	It's Friday, July 25th, Squawk Pod begins right now.
1:15.5	Stand Becky by in three, two, one.
	...

Transcript will be available on the free plan in 22 days. Upgrade to see the full transcript now.

Previous episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.