Janet Yellen on the Fed & the Treasury 7/22/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 22 July 2025

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The only person to have held both the Treasury Secretary and the Fed Chair positions, Janet Yellen weighs in on America’s economy and the pressure President Trump is putting on sitting Fed chair Powell. She also discusses stablecoins and the inflation risks of politically-driven monetary policy. Plus, OpenAI and Oracle are expanding their Stargate project, and a report on the report about Berkshire Hathaway-owned railroad BNSF asking Goldman Sachs for counsel on a transaction. Janet Yellen - 13:15 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.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	Janet Yellen, former Treasury Secretary and former Fed Chair.
0:13.0	This is really disconcerting to markets.
0:17.0	On the public dispute between President Trump and Yellen's successor, Jay Powell, threatening
0:22.3	the independence of America's central bank.
0:24.5	When that kind of pressure drives monetary policy in the country, high inflation is the inevitable
0:32.2	consequence.
0:33.4	And an M&A report from inside the railroad industry draws comments from the Oracle of Omaha.
0:40.3	It's a very un-Berckshire-like move to say that you're going to bring an investment banker to tell you your options because Warren Buffett has always known all of his options.
0:49.3	He knows his options.
0:50.3	News that broke first on Squawk Box, you don't want to miss it.
0:53.3	I've just got off the phone with Warren Buffett.
0:56.6	Plus the rest of today's news, the struggling partnership between Open AI and SoftBank,
1:01.7	the big, beautiful cost of legislation, and new Coke?
1:05.9	There's not enough pure cane sugar in the United States to do this for all the beverages that are out there.
1:11.9	It's Tuesday, July 22nd, Squawk Pod begins right now.
1:16.9	Stand Becky by in three, two, one.
1:19.8	Cule, please.
1:21.8	Good morning, everybody.
1:23.3	Welcome to Squackbox right here on CNBC.
	...

Transcript will be available on the free plan in 19 days. Upgrade to see the full transcript now.

Previous episode | Next 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.