Why beef prices have been climbing
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 17 July 2025
⏱️ 9 minutes
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Summary
It's summer grilling season, and beef prices are at an all-time high. Ground beef prices have increased 45% in the last 10 years as cow inventory in the U.S. has dwindled. This means that people and businesses with a hankering for beef are having to get creative. But first: The president says he likely won't fire the head of the Federal Reserve, and tariff delays helped boost consumer spending in June.
Transcript
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| 0:53.7 | It's about keeping everything lights on. It's about keeping |
| 0:54.4 | everything secure. The president says he probably won't fire the head of the Federal Reserve. |
| 1:03.2 | From Marketplace, I'm Sabri Beneshore in for David Brancaccio. There's a mixed message this |
| 1:07.8 | morning from President Trump on whether he would fire Federal Reserve Chair Jerome Powell, |
| 1:12.5 | a report that Trump would dismiss Powell spooked markets yesterday. Marketplaces Nancy Marshall |
| 1:17.3 | Genzer has the latest. Stocks and the value of the dollar tumbled briefly yesterday. Investors were |
| 1:22.9 | reacting to a Bloomberg report that President Trump would fire Fed Chair Powell soon. |
| 1:28.3 | They recovered after Trump was asked by a reporter if he was ruling out the idea of dismissing Powell |
| 1:33.6 | and said this. |
| 1:35.4 | I don't rule out anything, but I think it's highly unlikely unless he has to leave fraud. |
| 1:41.5 | I mean, it's possible there's fraud involved with the $2.5, $2.7 billion |
| 1:47.5 | renovation. Trump was referring to the renovation of two Fed buildings in Washington. The Fed has |
| 1:53.9 | acknowledged cost overruns, citing extra expenses for the removal of asbestos and contaminated |
| 1:59.6 | soil and complications from a higher than |
| 2:02.2 | expected water table. Some Fed watchers say the Trump administration is using the renovation |
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