Warsh Sworn In at Fed, Iran Deal in Limbo | Balance of Power Live 05/22/26

Summary

The video covers the swearing-in of Kevin Warsh as the 17th Fed chair, with President Trump urging independence. Discussions on the Iran conflict, the Strait of Hormuz blockade, and rising gasoline prices dominate. Market analysts debate the Fed's next move, with expectations shifting from rate cuts to possible hikes. An interview with Micron's CEO highlights a persistent memory chip shortage beyond 2026.

• Kevin Warsh is sworn in as Federal Reserve chair by Supreme Court Justice Clarence Thomas.
• President Trump says he wants Warsh to be independent, but market watchers question political pressure.
• The Strait of Hormuz remains closed due to the Iran conflict, keeping oil above $95 WTI.
• Tulsi Gabbard resigns as Director of National Intelligence amid policy differences on Iran.
• Rob Kaplan expects the Fed's next move could be a rate increase due to sticky inflation.
• Micron CEO Sanjay Marotra says the memory chip shortage will last beyond 2026.
• S&P 500 heads for an eighth straight weekly gain, Dow at a record above 50,700.
• Political panel discusses the midterm outlook and Republican infighting over war powers.