Warsh Says Inflation Isn’t Slowing | Radio Balance of Power: Early Edition 8/28/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Tyler Kendall discuss Fed Chair Kevin Warsh's speech in Jackson Hole. On today's show, Austrian National Bank Governor Martin Kocher, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Retired US Army Brigadier General Leela Gray. Chapters 00:00:00 Radio Balance of Power: Early Edition 00:01:46 Market Update: Stocks, Bonds & Oil 00:03:54 Warsh Vows to Return Inflation to 2% 00:05:22 Austrian Central Bank Governor on Warsh's Speech 00:07:20 Europe, Energy Prices & the Inflation Fight 00:10:13 Global Debt & the Challenge for Central Banks 00:12:23 Is AI Inflationary or Disinflationary? 00:14:24 Europe's Economy & Higher Oil Prices 00:17:04 Iran, Inflation & the Strait of Hormuz 00:19:01 Market Update After Warsh's Jackson Hole Speech 00:20:19 Why Long-Term Bond Yields Are So High 00:22:44 Treasury Intervention & the Bond Market 00:25:25 Political Panel on Warsh, Rates & the Economy 00:27:07 Economic Anxiety Ahead of the Midterms 00:29:01 Could the Fed Hike Rates Before the Election? 00:30:46 Housing Affordability & Mortgage Rates 00:32:35 Market Update: Yields Jump, Tech Stocks Fall 00:34:26 What Comes Next After Warsh's Speech? 00:35:26 Jobs, CPI & the September Fed Decision 00:40:08 Six Months Into the Iran War 00:41:12 Gen. Leela Gray on Iran & the Cost of War 00:43:02 Diplomacy, Sanctions & Military Action 00:44:10 Iran, Cybersecurity & Emerging Threats 00:45:25 Defense Spending, Drones & Future Warfare -------- 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