Episode Details

SCHEDULE JBS, 6-23-2026.

1936

Alan Greenspan's Legacy and the New Fed Chair. Guest: Elizabeth Peek. This segment reflects on the passing of Alan Greenspan and the transition to Kevin Warsh as Federal Reserve Chair. Peek highlights Warsh's goal to reform data collection and move away from forecasting, favoring real-time data over the traditional, often confusing, communication styles of his predecessors like Greenspan. 1

The Resilient US Consumer and AI Infrastructure. Guest: Elizabeth Peek. Despite concerns over tariffs and wars, consumer spending remains robust, fueled by record stock market levels and rising low-end wages. Peek argues against AI alarmism, noting that massive investments in AI infrastructure are creating a surge in blue-collar job demand for skilled trades like welding and construction. 2

Critiquing the Memo of Understanding with Iran. Guest: Jonathan Schanzer. Schanzer describes the newly established Memo of Understanding as a "dog's breakfast" that grants the Iranian regime significant sanctions relief and upfront cash. He argues the agreement appears to be an American defeat, particularly regarding the shaky nuclear inspection protocols and the uncertain status of the Strait of Hormuz. 3

Hezbollah's Role and the Fog of Middle East Diplomacy. Guest: Jonathan Schanzer. The discussion focuses on Hezbollah as a "wholly owned subsidiary" of Iran, with the IRGC directing its activities in Lebanon. Schanzer criticizes the administration for expecting Israel to adhere to a ceasefire while Iran continues to provoke attacks, labeling the current diplomatic strategy as improvised and potentially harmful. 4

Secretary Rubio's Reassurance Mission to Gulf Allies. Guest: Mary Kissel. Secretary of State Marco Rubio travels to the Gulf to reassure the UAE, Kuwait, and Bahrain of U.S. security commitments following Iranian attacks. Kissel criticizes the administration for granting Iran sanctions relief and 60-day exemptions, arguing that the diplomatic effort prioritizes "hope over experience" regarding Iranian nuclear ambitions. 5

The Impact of Foreign Policy on Domestic Midterms. Guest: Mary Kissel. Kissel examines whether foreign policy influences American voters, noting it is rare compared to "pocketbook" issues like inflation and interest rates. She warns that adversarial regimes like Iran and China are sophisticated observers of the U.S. electoral calendar and may attempt to influence domestic politics. 6

Kevin Warsh's Reformist Vision for the Federal Reserve. Guest: Joseph Sternberg. Sternberg analyzes Kevin Warsh's first FOMC meeting, noting a shift toward shorter policy statements and the removal of the "dot plot" forecasting tool. Warsh is initiating five task forces to reform the Fed's intellectual framework, specifically targeting productivity, data quality, and balance sheet management. 7

The Turmoil of British Leadership and the Labour Party. Guest: Joseph Sternberg. This segment explores the potential replacement of Keir Starmer with Andy Burnham as UK Prime Minister. Sternberg argues that Labour's struggles go beyond charisma, involving a lack of clear economic direction and the failure to address core voter concerns like the broken NHS and illegal immigration. 8

The Geopolitical Che