President Trump has said he won’t attempt to fire sitting Fed Chair Jerome Powell, but change is coming to the central bank regardless. On Wall Street and in Washington, names floated for the next Federal Reserve chair have included current NEC director Kevin Hassett and former Fed governor Kevin Warsh. In an extended interview, Kevin Warsh calls for a regime change at the bank, positing a revised theory of inflation and sharing lessons from his own history in finance. Plus, President Trump announced that Coca-Cola agreed to use cane sugar in its U.S. drinks, and the House of Representatives has voted to bring forward crypto legislation.

Kevin Warsh - 18:39

In this episode:

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Gary Cohn was National Economic Council Director in the first Trump administration, and now he’s weighing in on U.S. inflation data and the nation’s future monetary policy. If it were up to him, Cohn says he’d try cutting rates–just a little. Ben Gilbert & David Rosenthal are hosts of Acquired, a podcast boasting interviews with guests like Nvidia’s Jensen Huang, Mark Zuckerberg, and Howard Schultz, as well as a million listeners per episode. Ten years into the project, Gilbert and Rosenthal discuss how they built such a loyal following–and how they monetized in the evolving media landscape. Plus, NYC Democratic Mayoral candidate Zohran Mamdani spoke directly to corporate America executives this week, and private assets may soon be part of 401(k)s.

Gary Cohn - 16:03

Ben Gilbert & David Rosenthal - 35:31

In this episode:

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

The 5 things you need to know before the stock market opens today: Federal investigations into prediction betting site Polymarket have been closed, a procedural vote on the $9 rescissions package passed in the Senate, SpaceX is planning an insider share sale, Tesla’s top North American sales executive has left the company, and a robot calls balls and strikes at baseball’s midsummer classic.

Squawk Box is hosted by Joe Kernen, Becky Quick and Andrew Ross Sorkin. Follow Squawk Pod for the best moments, interviews and analysis from our TV show in an audio-first format.