Today, we'll take stock of the economy through the eyes of consumers, business owners,

and, of course, our Friday regulars.

From American Public Media, this is Marketplace.

In New York, I'm Kristen Schwab and for Kyrisdahl. It's Friday, August 8th. Good to have you here.

Like I said, we've got our regulars here with us to wrap up this week in business news, which was full of announcements about tariffs and the Fed.

Sadiabreddy is MSNBC's Washington Bureau Chief.

Jordan Holman is a reporter at the New York Times.

Hey, you two.

Hey, Kristen.

Hey.

So I want to start with the business news du jour.

President Trump announced he's nominating Stephen Myron, who's currently the chair of the

Council of Economic Advisers, to fill a temporary opening currently the chair of the Council of Economic Advisors,

to fill a temporary opening on the Board of the Federal Reserve. It'll give him power to vote

on interest rates and banking regulations, and he's been pretty critical of the Fed.

Cedeep, what do you make of this pick? What does it say about Trump's future vision for the Fed?

Well, so far we know that the president likes picking his own people, and that's what he's done in this case. This is somebody

who is already on his staff, who we got to interact with. And so there's a sense of loyalty there.

It is loyalty, in fact, the kind that Stephen Myron has criticized a little bit, he has actually

written about the revolving door between the executive branch and the Fed and criticized it in

a certain direction.

And so it's kind of a curious case.

...