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 -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts