Kevin Hassett & Cooking a Hot Dog Split 7/14/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 14 July 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump is threatening more tariffs on Mexico and the EU, in addition to last week’s threats to Canada. CNBC’s Megan Cassella reports on the likelihood of those tariffs taking effect and the impact the threats have on economic alliances, and National Economic Council Director Kevin Hassett discusses the tariffs’ impact on the U.S. economy. One of the potential contenders for next Federal Reserve Chair, Hassett discusses the White House’s frustration with sitting Fed Chair Jay Powell, as well as the independence of the central bank. Plus, bank earnings are on deck this week, and Kraft Heinz may be planning to spin condiments off from foods. Megan Cassella - 03:43 Kevin Hassett - 20:06 Leslie Picker - 37:37 In this episode: Leslie Picker, @LesliePicker Megan Cassella, @mmcassella Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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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	The president spends his weekend threatening new tariffs, and investors bet it may be more bark than bite.
0:16.0	And our country's making a lot of money.
0:19.0	A lot of money.
0:20.0	Another noisy story in D.C.
0:21.4	Will there be a new Fed chair named while the current one is still on the job?
0:25.5	Kevin Hassett, one of the president's top economic advisors, could be in the running.
0:29.8	He tells us where he stands on Central Bank independence.
0:33.2	I think that we definitely need to rethink the way the Fed's acting.
0:36.6	We 100% want independent monetary policy, but it sure looks like they need more congressional
0:41.4	oversight on things like the way they built their buildings.
0:44.4	And where tariff policy meets monetary.
0:47.1	The Federal Reserve should be independent.
0:49.1	The President has the right to voice his opinion.
0:52.0	And the bottom line is that the Federal Reserve has been very, very wrong on this tariff issue.
0:57.9	Plus, the rest of today's news that got us squawking,
1:00.7	bank earnings kickoff this week,
1:02.5	and is a breakup brewing at Kraft Heinz.
1:05.8	Are the ketchup, a great business.
1:07.5	Why ketchup is such a great business, I do not understand.
	...

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