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Bloomberg's Lisa Abramowicz and Scarlet Fu discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.

Warsh vowed to restore price stability following his first policy meeting since taking the helm of the US central bank, after officials left interest rates unchanged and signaled growing support for rate hikes this year.

“Persistently high prices are a burden for the American people, but the recent past need not be prologue,” Warsh said in his debut press conference as chairman. Officials “are unambiguous and unanimous. This committee will deliver price stability.”
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Bloomberg's Lisa Abramowicz and Scarlet Fu break down the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
Federal Reserve officials left interest rates unchanged and were split over whether they expect to raise rates this year.
Policymakers’ new projections indicated nine officials foresee at least one quarter-point hike this year, with six anticipating at least two. Another nine expected no move or a cut.
Notably, only 18 officials out of 19 entered their projections for rates at the end of 2026. The absence of an entry suggests new Chairman Kevin Warsh, who has been critical of so-called forward guidance, declined to submit a rate forecast.
In its first gathering under Warsh’s leadership, the Federal Open Market Committee voted unanimously Wednesday to hold its benchmark federal funds rate in a range of 3.5% to 3.75%.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Inside a Los Angeles cafe, the strife between the US and Iran faded briefly into the background as Iran opened its 2026 World Cup campaign in Southern California against New Zealand, ending with a respectable 2-2 draw.
As soon as the 90 minutes was up, the politics returned. Iran coach Amir Ghalenoei said his country is the "most oppressed team in the World Cup" in a press conference after the game, and claimed the team was being forced to return to their training base in Mexico without time for recovery.
The discord struck a nerve in parts of Los Angeles, which are sometimes dubbed Tehrangeles because the region is home to the world's largest Iranian diaspora community. While almost everyone in this expatriate enclave opposes the current government, many retain a loyalty to their national squad, known as Team Melli.
Bloomberg News LA bureau chief John Gittelsohn talks with Carol and Tim about the complex dynamics involved with Iran's FIFA World Cup team playing in the US.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
SpaceX jumped for a third straight day on Tuesday, overtaking Amazon.com in value to become the fifth-largest stock in the world.
Shares closed 4.8% higher, pushing its market capitalization to $2.65 trillion, roughly $8 billion higher than Amazon’s. At the stock’s intraday high, the market value of Elon Musk’s rocket and AI company topped Microsoft to briefly become the world’s fourth-largest stock.
At least some of the price action since its debut has been driven by the relatively small number of SpaceX shares available to trade, with only about 4.2% accessible on day one. That can make trading more volatile, with the stock more prone to large swings that can quickly change its market value.
On this episode, Carol and Tim speak with:
Bailey Lipschultz, Bloomberg News IPO Reporter on SpaceX's continued rally
Simon White, Bloomberg Macro Strategist On The GPU Is Wall Street’s New Real Estate Trade
Mike Dinsdale, CEO at Powerlaw
David Roman, US MedTech and Healthcare IT Research Analyst, Goldman Sachs AND Madison Muller, Bloomberg News US Health Care Reporter
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

Anthropic PBC has disabled access to its most advanced artificial intelligence models, including Mythos, following an unprecedented order by the Trump administration to keep the technology out of the hands of all foreign nationals.

The US government told Anthropic to suspend access to the Fable 5 and Mythos 5 models by any foreign national “whether inside or outside the United States,” citing national security concerns, the company said in a statement. A US official confirmed the Commerce Department sent the letter. The model developer has since shut off access to both systems to all customers to ensure compliance.Never before has the US government taken such sweeping measures to rein in foreign access to frontier AI models developed by an American company.

Both the Trump and Biden administrations have limited access abroad to other consequential technologies such as semiconductors and supercomputers, and some have debated the merits of blocking access to AI models. But restrictions on the software itself have raised constitutional and commercial concerns.

On this episode, Carol Massar Tim Stenovec and guest host Ed Ludlow speak with:
Maggie Eastland, Bloomberg News Tech Reporter
Bailey Lipschultz, Bloomberg News IPO Reporter AND David Bauer, JPMorgan Head of ECM Americas on SpaceX IPO
Geetha Ranganathan, Bloomberg Intelligence Senior Media Analyst on Fox to Buy Roku at $22 Billion Value in Streaming Video Push
Carmen Reinicke, Bloomberg News Stocks Reporter on Big Take: The $12 Trillion Stock Squeeze Gives Way to IPO Market Boom
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