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TechCrunch· 2025-09-25 18:58
Company Actions - The company's regulatory policy team is addressing a situation that CEO Elon Musk contributed to by spending $300 million [1]
Bessent Says Fed Chair Powell Could Be Replaced by Someone From the Private-Sector
Bloomberg Television· 2025-08-13 12:58
Federal Reserve Leadership & Structure - The president has the opportunity to reshape the Federal Reserve committee [1] - There is concern about the foundations of the Fed and potential lack of accountability regarding cost overruns [3] - A replacement for the Coogler seat is being considered, with private sector names among the candidates [4][5] - The process of selecting a Fed chair involves interviewing 10-11 people to discuss monetary and regulatory policy [7] - The Fed is considered one of three regulators (Federal Reserve, OEC, and FDIC) [7] Monetary & Regulatory Policy - Monetary and regulatory policy are key discussion points in the Fed chair selection process [7] - The Fed needs to understand its role as one of three regulators [8] Personnel Decisions & Timeline - Stephen Morrow's confirmation is being expedited [1] - Myron is not expected to stay on past his January term [4] - The timeline for naming a new Fed chair is extended by putting Stephen Myron in place [8] - The president is open-minded in the selection process, considering candidates with diverse views [8][9]