Make Me Smart

Should Fed chief Powell stay or go?

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Today, we’ve got Jerome Powell on the brain. As he prepares to make a major speech at the virtual Jackson Hole summit this week, Treasury Secretary Janet Yellen, a Democrat, has indicated that she’d like Powell, a Republican, to keep his job as Federal Reserve chair after his current term ends in February. Some Dems aren’t on board, and that’s causing a rift in the party. We’ll explain why. Plus, we’ll discuss what a California ruling could mean for ride-hailing companies like Uber and Lyft and close this Whaddya Miss Monday with a COVID-19 roundup.

Here’s everything we talked about:

  • “Yellen for Powell?” from Politico 
  • “Fed chair Jerome Powell says there’s no returning to pre-pandemic economy” from PBS Newshour
  • “Cuomo Blames ‘Political Pressure and Media Frenzy’ in Farewell Speech” from The New York Times
  • “Theranos Founder Elizabeth Holmes Is Ready for Her Day in Court” from Bloomberg
  • “Prop. 22, the gig worker exemption for Uber and Lyft, is ruled unconstitutional”  from The San Francisco Chronicle
  • “Sex workers who use OnlyFans say they’re being ‘pushed off a platform that we made successful'” from Business Insider
  • “Texas Drops Enforcement of Its Governor’s Ban on Mask Mandates” from The New York Times
  • “South Dakota sees the country’s largest two-week COVID surge” from Fortune
  • “200 COVID-19 cases linked to Lollapalooza so far, Chicago officials say” from the Chicago Tribune
  • “Happy Birthday, Xiao Qi Ji! National Zoo’s Panda Cub Turns 1” from WRC-TV
  • The Tweet thread Why You Should Not Use Ivermectin to Treat or Prevent COVID-19 from the Food and Drug Administration

    • Read the transcript here.

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