OpenAI’s Sarah Friar & Fed Chair Candidate David Zervos 8/20/25

OpenAI CFO Sarah Friar discusses ChatGPT-5, Sam Altman’s comments on a potential AI bubble, and her vision for tech and artificial intelligence innovation. One of 11 potential candidates for new Federal Reserve Chair, David Zervos discusses his perspective on tariffs, monetary policy, and upcoming remarks from sitting Fed Chair Jerome Powell. Plus, the White House has launched a TikTok account, Target has named a new CEO, and more chipmakers may be weighing deals with the U.S. government.

Sarah Friar - 22:26

David Zervos - 41:59

In this episode:

David Zervos, @jefmacrostrat

Becky Quick, @BeckyQuick

Joe Kernen, @JoeSquawk

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

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