Jerome Powell Ain’t Leavin’ Yet & Movie Tickets Cost $50!?

**SPEAKER_1** (0:00)
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**Neal Freyman** (0:31)
Good morning, Brew Daily Show. I'm Neal Freyman.

**Toby Howell** (0:34)
And I'm Toby Howell.

**Neal Freyman** (0:35)
Today at his final Fed meeting, Jerome Powell made a surprise announcement.

**Toby Howell** (0:40)
Then what we learned from the Big Tech Earnings Bonanza yesterday. It's Thursday, April 30th.

**Neal Freyman** (0:46)
Let's ride.
Good morning, it's almost time for beach season. Country music concert Tailgates, and your friend group probably has their preferred light beer for the occasion. So which one do you go for? Food and Wine's vaunted taste testers released their rankings of the best tasting ultra-popular light beers, and everyone at our office agreed with number one, Miller Light. Then came Bud Light, Coors, Nati Light, Bush Light, and in last place, Micolob Ultra. I think this list is pretty accurate.

**Toby Howell** (1:20)
Natural light, though, kind of not even bringing up the rear. What the heck is going on? Also, fastening that Micolob, which just became the best selling beer in America in 2025, is last, which brings me to my next point. The can makes a huge difference here. If you serve a Micolob in one of those wide mouth aluminum cans at a baseball game, that would vault it up to first in most people's rankings. It was funny reading this review, though, because all the reviewers were like, once we put them in paper cups with no labels on them, we could not tell the difference. They all tasted like beer.

**Neal Freyman** (1:54)
That's the point. You put it in a red solo cup and you drink it, and the differences between them don't seem all that much.

**Toby Howell** (2:01)
But I think they nailed it. Number one, Miller Just Slaps.

**Neal Freyman** (2:04)
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**Toby Howell** (2:09)
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**Neal Freyman** (2:12)
No, I'm allergic to pollen.

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**Neal Freyman** (2:50)
It's not every day you can say that a Federal Reserve meeting should have been moderated by Andy Cohen, but yesterday's was. In his final press conference as Fed chair, Jerome Powell said he will remain a central bank governor for a time to be determined because of President Trump's interference. Powell was not his usual tight-lipped self when discussing what he considers grave threats to the Fed's independence. He said, My concern is really about the series of legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors. I worry that these attacks are battering the institution and putting at risk the thing that really matters to the public, which is the ability to conduct monetary policy without taking into consideration political factors. He's referring to Trump trying to fire Fed official Lisa Cook and the DOJ launching a criminal investigation into his handling of the Fed's building renovations, which was widely seen as a scheme to pressure Powell to lower interest rates. The DOJ ended that probe earlier this month, but Powell said, I've said that I will not leave the board until this investigation is well and truly over with transparency and finality. So what does it mean that Powell is staying on as Fed governor even as he leaves the chair? Well, remember when we talk about the Fed, we're really referring to the Federal Open Markets Committee, a group of 12 Fed leaders that includes the chair, governors, and reserve bank presidents from around the country. Powell's term as chair ends May 15th this year, but his term as a governor runs through 2028, and he's not going anywhere.