The Future of the Fed: Austan Goolsbee & Krishna Guha 4/21/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 21 April 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Pope Francis, the Argentine Jesuit and Roman Catholic pontiff, has died at age 88. Joe Kernen, Becky Quick, and Andrew Ross Sorkin reflect on his impact on the business community, and Andrew recalls his interview with the Pope just before the Covid-19 pandemic. President Donald Trump intensified his criticism of Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning of a potential economic slowdown if interest rates are not lowered immediately. Krishna Guha, Evercore ISI vice chairman, weighs in on the possibility of Powell’s removal, the independence of the central bank, and the potential market implications. Then, CNBC’s Steve Liesman and Chicago Fed President Austan Goolsbee discuss the state of the economy, the Fed’s inflation strategy, and the impact of the Trump administration’s tariff policy on the economy. Krishna Guha - 16:58 Austan Goolsbee - 27:12 In this episode: Austan Goolsbee, @Austan_Goolsbee Steve Liesman, @steveliesman Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music, please.
0:03.0	This is Squawk Pod from CNBC.
0:07.0	On today's episode, Fed, Fed, Fed, plus a little extra.
0:12.0	A debate about Fed independence and President Trump's threats to fire Fed Chair Jerome Powell,
0:18.0	with Vice Chairman of Evercore ISI, Krishna Guha.
0:21.6	We're seeing a clear signal from the market that it doesn't like even the idea that the President might try to remove the Fed chair.
0:31.6	And where Fed President Austin Gouldsby stands on economic politics and on whether a rate cut is coming.
0:39.8	Everything's always on the table, as I say, is a huge table.
0:43.8	Plus the latest on Harvard spat with the Trump administration, and the religious world mourns Pope Francis, who died at 88 just after Easter Sunday.
0:55.0	I never told you guys. I went and visited with him.
0:57.0	Did you really?
0:59.0	I'm CNBC producer Cameron Costa. It's Monday, April 21st, and SquawkPod begins right now.
1:06.0	Stand Becky by in three, two, one. Cure, please.
1:13.3	Good morning, everybody.
1:15.9	Welcome to Squawk Box right here on CNBC.
1:18.5	We're live from the NASDAQ market site in Times Square.
1:22.0	I'm Becky Quick, along with Joe Kernan and Andrew Ross Sork. And the market was closed for three days.
1:23.8	I guess it's making up for some lost ground at this point.
1:26.2	Gold was at an all-time high
1:27.9	on Friday as well. Big today, too. Yeah, gold is up big. 80 dollars, I think. Let's take a look at this.
1:33.4	It's an all-time high. Now it's up 2.3 percent, $3,405 an ounce. The dollar is on a four-week
1:41.0	losing streak that we've been watching, again, pretty closely over what's been happening with that.
	...

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