Should Fed chief Powell stay or go?

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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