Bloomberg Daybreak: US Edition US-Iran Nuclear Talks; Trump's List to Succeed Fed Chair Powell
Jun 26, 2025
Trump is gearing up for a significant meeting with Iran next week, hinting at the uncertain future of nuclear agreements. He also reveals he has several candidates in mind to potentially replace Fed Chair Powell. Meanwhile, Shell denies merger rumors with BP, sparking interest in corporate strategies. The podcast touches on NATO's new defense spending agreement and its implications for global security. Listeners are offered insights into the current economic landscape and key political developments shaping the markets.
AI Snips
Chapters
Transcript
Episode notes
Trump Open to Iran Talks
- President Trump indicated willingness to talk with Iran next week despite doubt about a diplomatic deal's necessity.
- He asserted US airstrikes significantly damaged Iran's nuclear program, potentially ending the immediate conflict.
Trump Plans Fed Chair Replacement
- Trump has a shortlist to replace Fed Chair Jerome Powell when his term ends next year.
- He criticizes Powell's handling of inflation and economy, demanding significant interest rate cuts.
Powell on Tariffs and Inflation
- Fed Chair Powell acknowledged it's difficult to predict how tariffs will affect inflation.
- He explained the tariff cost ultimately may reach consumers, but its inflation impact remains uncertain.