DOJ Drops Fed Probe, Clearing Way for Warsh | Balance of Power: Early Edition 4/24/2026

Summary

The episode covers the DOJ dropping its criminal investigation into Fed Chair Jerome Powell, clearing a path for Kevin Warsh's confirmation. Political analysis includes redistricting, DHS funding, and the Iran nuclear talks. Market updates show S&P near record, Intel surging after earnings, and oil retreating on Mideast optimism.

• DOJ drops probe into Powell over Fed building cost overruns, moving it to the inspector general.
• Kevin Warsh's nomination to Fed chair appears cleared, but timing of confirmation vote remains uncertain.
• Intel shares hit highest level ever after strong earnings and sales forecast.
• West Texas Intermediate crude falls 2.4% on hopes for Iran deal progress.
• S&P 500 is on track for another weekly gain and near record levels.
• Israel-Hezbollah ceasefire extended three weeks, but Hezbollah does not consider itself bound.
• U.S. envoys Witkoff and Kushner head to Pakistan for Iran talks.
• Discussion of AI cyber threats to banks: regulators unprepared for advanced attacks.