Fed Chair Powell's future and Fed independence, Tesla opens a retro-futuristic diner in California

Market Catalyst anchor Julie Hyman breaks down the latest financial news for July 22, 2025. US Treasury Secretary Scott Bessent commented that he does not see a reason for Fed Chair Powell to step down. However, Queens College Cambridge President Mohamed El-Erian said that Powell should step down to "safeguard the Fed's operational autonomy." Wall Street Journal chief economics commentator Greg Ip and Yahoo Finance contributor & StoneX Senior Adviser Jon Hilsenrath discuss the mounting pressure on Fed Chair ...