US, Iran Truce Awaits Trump Signoff | Balance of Power: Early Edition 5/28/2026
On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss peace talks between the US and Iran. On today’s show, Bluestack Strategies Founder Maura Gillespie, Rebelle Communications Founder Laura Fink, St. Louis Fed President Alberto Musalem, Democratic Congressman Mark Pocan of Wisconsin and Center for Strategic and International Studies Senior Fellow Clayton Seigle.
Chapters:
00:00:00 – Balance of Power: Early Edition
00:03:42 – Iranian President: Not Seeking Nuclear Weapons
00:04:59 – US, Iran Agree to Extend Truce Pending Trump Backing, Sources Say
00:06:38 – US Strike Iran Targets as Trump Vows to ‘Watch Over’ Hormuz
00:11:08 – St. Louis Fed President on Bloomberg
00:13:05 – Musalem: Looks Like Fed Policy at or Below Long-Run Neutral
00:14:06 – Musalem: Thought Easing Bias No Longer Consistent with Risks
00:19:43 – Musalem: 1/4 of Rise in Treasury Yields is Likely Term Premium
00:21:37 – Musalem: Expect Kevin Warsh Will Consult, Try and Steer FOMC
00:23:44 – Musalem: Some Benefits for Stability from Big Balance Sheet
00:27:07 – Trump’s Bind Deepens with Hormuz Shut and Hawks Pushing War
00:32:29 – Pentagon Floats Increased Defense Budget
00:33:54 – Republicans Grapple with Impact of War, Inflation Ahead of Midterms
00:37:44 – US, Iran Agree to Extend Truce Pending Trump Backing, Sources Say
00:40:28 – Iran, US Accuses Each Other of Truce Breach with No Deal in Sight
00:45:46 – Trump’s Bind Deepens with Hormuz Shut and Hawks Pushing War
00:47:50 – Oil Pares Gain on News of Possible US-Iran Pact to Extend Truce
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