Balance of Power

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump said he may name the next Federal Reserve chair “a little bit early” and added that he was down to three or four potential candidates as he looks for a successor to Jerome Powell.“I’ll be naming a new chairman sometime within the next — I think I’ll name it a little bit early, the new chairman. I’m down to three or four names,” Trump said Wednesday during an event at the Kennedy Center in Washington, describing the contenders as “all good, all great.”Trump has hammered Powell over the central bank’s decision to hold interest rates steady, repeatedly calling in the past for him to resign and publicly mulling whether he should fire the chair outright before saying he would wait for his term to end in May. Naming his successor while Powell is still finishing his term raises the prospect of a “shadow Fed” emerging and risks creating whiplash for investors tracking the positions of both the current and future chairs.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Republican Congressman Troy Downing of Montana. Defense Priorities Senior Fellow & Director of Military Analysis Jennifer Kavanagh. Bloomberg Contributor Adam Hodge and former RNC Communications Director Lisa Camooso Miller. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump extended a pause of higher tariffs on Chinese goods for another 90 days into early November, stabilizing trade ties between the world’s two largest economies.Trump signed an order extending the truce through Nov. 10, deferring a tariff hike set for Tuesday. The de-escalation first took effect when the US and China agreed to reduce tit-for-tat tariff hikes and ease export restrictions on rare earth magnets and certain technologies.“All other elements of the Agreement will remain the same,” Trump said in a Truth Social post, suggesting no planned changes to US trade policy or to the terms of the arrangement. A fact sheet, posted by the White House, didn’t detail any modifications beyond the date extension.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Wiley Rein National Security Practice Group Lead Nazak Nikakhtar. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Democratic Congressman Jake Auchincloss of Massachusetts. Bloomberg US Treasury Reporter Daniel Flatley. Republican Congressman Tim Burchett of Tennessee. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump announced he would take federal control of Washington DC’s police department and deploy 800 National Guard troops there, escalating his push to exert power over the nation’s capital. Trump on Monday also threatened to insert federal personnel into other cities, including New York and Chicago, if they did not crack down on what he called “out of control” crime. During a White House news conference, Trump painted a nightmarish picture of a Washington that’s been “overtaken” by “bloodthirsty criminals” and “roving mobs of wild youth” that was at direct odds with statistics showing plummeting crime rates. Violent crimes in the capital reached a 30-year low in 2024, the Justice Department announced weeks before Trump took office in January. Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: US Office of Personnel Management Director Scott Kupor. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg Economics Chief Geoeconomics Analyst Jennifer Welch. Global Situation Room President Brett Bruen. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with Garrett Graff, author of the new book The Devil Reached Toward the Sky: An Oral History of the Making and Unleashing of the Atomic Bomb. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Washington and Moscow are aiming to reach a deal to halt the war in Ukraine that would lock in Russia’s occupation of territory seized during its military invasion, according to people familiar with the matter.US and Russian officials are working toward an agreement on territories for a planned summit meeting between Presidents Donald Trump and Vladimir Putin as early as next week, the people said, speaking on condition of anonymity to discuss private deliberations. The US is working to get buy-in from Ukraine and its European allies on the deal, which is far from certain, the people said.Putin is demanding that Ukraine cede its entire eastern Donbas area to Russia as well as Crimea, which his forces illegally annexed in 2014. That would require Ukrainian President Volodymyr Zelenskiy to order a withdrawal of troops from parts of the Luhansk and Donetsk regions still held by Kyiv, handing Russia a victory that its army couldn’t achieve militarily since the start of the full-scale invasion in February 2022.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg National Security Reporter Courtney McBride. Former US Deputy Secretary of State Wendy Sherman. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Deputy Bureau Chief Laura Davison. Chairman of the White House Council of Economic Advisers Stephen Miran. Bloomberg Politics Contributors Rick Davis and Adam Hodge. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump highlighted “great progress made” in a meeting between his envoy and Russian President Vladimir Putin, while still leaving open the possibility of further penalties on Moscow’s oil revenues. Earlier Wednesday, Trump doubled tariffs on Indian goods to 50% as punishment for its purchases of Russian energy. US officials are weighing additional actions to choke off energy sales that are a key source of funds for Russia’s war effort in Ukraine.The Trump administration is considering new sanctions on Moscow’s covert fleet of oil tankers and several entities that enable them to operate, according to people familiar with the matter.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Correspondent Tyler Kendall. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg Tech Host Ed Ludlow. Joe Lavorgna, Counselor to Treasury Secretary Scott Bessent. S-3 Group Partner Ashley Davis. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump said that US tariffs on semiconductor and pharmaceutical imports would be announced “within the next week or so,” as the administration prepares to target key economic sectors in its effort to remake global trade.  “We’ll be putting a initially small tariff on pharmaceuticals, but in one year — one and a half years, maximum — it’s going to go to 150% and then it’s going to go to 250% because we want pharmaceuticals made in our country,” Trump said Tuesday in an interview on CNBC. “We’re going to be announcing on semiconductors and chips, which is a separate category,” the president continued.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Washington Deputy Bureau Chief Laura Davison. Former Deputy US Trade Representative Sarah Bianchi. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Retired Two-Star Marine Corps Major General Arnold Punaro, former Staff Director of the Senate Armed Services Committee. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Texas Democratic lawmakers said they left the state in an effort to temporarily block Republicans from redrawing its congressional maps — a redistricting initiative pushed by President Donald Trump to help retain GOP control of the US House of Representatives in the midterms.Many have gone to the Chicago area, selecting a location where local and state governments are led by Democrats. Some the politicians also went to Boston and Albany, New York. “I’m going to do everything I can to make sure that they’re welcome here, that they have the ability to stay as long as they need to and want to,” Illinois Governor JB Pritzker said at a press conference in Carol Stream, flanked by the Texas lawmakers.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg International Economics and Policy Correspondent Michael McKee. Republican Congressman Bryan Steil of Wisconsin. Bloomberg Texas Bureau Chief Julie Fine. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. US Ambassador to NATO Matthew Whitaker. Bloomberg White House and National Security Editor Michelle Jamrisko. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US job growth cooled sharply over the past three months and the unemployment rate rose, showing the labor market is shifting into a lower gear amid widespread economic uncertainty.Payrolls increased 73,000 in July after the prior two months were revised down by nearly 260,000, according to a Bureau of Labor Statistics report out Friday. In the last three months, employment growth has averaged a paltry 35,000 — the worst since the pandemic.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with: Bloomberg Economics US Economist Stuart Paul. Brookings Institution Vice President and Director of Economic Studies Ben Harris. Massachusetts Governor Maura Healey. Bloomberg Politics Contributor Jeanne Sheehan Zaino and Former RNC Communications Director Lisa Camooso Miller. Former Republican Congressman and Bloomberg Contributor Patrick McHenry. See omnystudio.com/listener for privacy information.