*By Britt Terrell*
Howard Schultz's philanthropic efforts and commitment to liberal causes may make him an appealing Democratic candidate. But Schultz, the outgoing executive chairman of Starbucks, could have a difficult time with some liberals if he decides to run for office.
"I wonder if the left wing of the Democratic Party would be receptive to somebody who has CEO at the top of their resume," said Eric Boehm, a reporter at Reason.com. "I think Schultz will face some push-back from that."
In an [interview Tuesday with CNBC](https://www.cnbc.com/2018/06/05/howard-schultz-rips-democrats-for-veering-too-far-left.html), Schultz may have invited push-back when he said some Democrats have unrealistic expectations of what government can do.
"It concerns me that so many voices within the Democratic Party are going so far to the left. I say to myself, 'How are we going to pay for these things?'" Schultz said in reference to popular liberal proposals like single-payer healthcare and government-supported full employment efforts. "I don't think that's something realistic," he added.
Schultz, who announced on Monday he would step away from Starbucks, the company he ran as chief executive or chairman for about 30 years, said he is considering a number of options for his future. Public service is one of them, but even he acknowledged in his CNBC interview that his corporate background could complicate a run for office.
Still, with another businessman occupying the White House, it's difficult to dismiss the potential positives of Schultz's experience in a matchup with Donald Trump. And Schultz's history of incorporating liberal issues as part of Starbucks' public image may be appealing to many mainstream Democrats and centrist voters.
"He knows that companies have to make money and he has done that in a way while still having liberal values," said Ed Carson, a news writer at Investor's Business Daily in an interview with Cheddar. "And I think that would be an effective combination both in the Democratic primary and in the general election."
Boehm also cited Schultz's business pedigree and his experience managing a business from start-up to multinational success as a counter narrative to President Donald Trump's own story as successful businessman.
"He could put his resume, taking a small coffee chain from Seattle and turning it into a globe-dominating brand, he could put that right up against Donald Trump's supposed resume, which includes numerous bankruptcies and business failures," Boehm said, adding that Schultz could make the case to the voters: "Hey, if you want a business man in the White House, maybe it should be me."
For the full interview, [click here](https://cheddar.com/videos/howard-schultz-2020).
Federal Reserve Chair Jerome Powell on Tuesday signaled a cautious approach to future interest rate cuts, in sharp contrast with other Fed officials who have called for a more urgent approach. In remarks in Providence, Rhode Island, Powell noted that there are risks to both of the Fed’s goals of seeking maximum employment and stable prices. His approach is in sharp contrast to some members of the Fed’s rate-setting committee who are pushing for faster cuts.
President Donald Trump’s efforts to reshape the American media landscape have led to the suspension of late-night comedian Jimmy Kimmel.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on inflation and the economy. The only dissenter was Stephen Miran, the recent Trump-appointee.
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. Trump sought to fire Cook Aug. 25, but a federal judge ruled late Tuesday that the removal was illegal and reinstated her to the Fed’s board.
President Donald Trump's administration is appealing a ruling blocking him from immediately firing Federal Reserve Gov. Lisa Cook as he seeks more control over the traditionally independent board. The notice of appeal was filed Wednesday, hours after U.S. District Judge Jia Cobb handed down the ruling. The White House insists the Republican president had the right to fire Cook over mortgage fraud allegations involving properties in Michigan and Georgia from before she joined the Fed. Cook's lawsuit denies the allegations and says the firing was unlawful. The case could soon reach the Supreme Court, which has allowed Trump to fire members of other independent agencies but suggested that power has limitations at the Fed.
Chief Justice John Roberts has let President Donald Trump remove a member of the Federal Trade Commission, the latest in a string of high-profile firings allowed for now by the Supreme Court.
