Trump’s Iran-Israel Truce Gains Ground | Balance of Power: Early Edition 6/24/2025

"Balance of Power" covers the day's top news, including Fed Chair Jay Powell's congressional testimony, geopolitical tensions involving Israel and Iran, and President Trump's attendance at the NATO summit. The hosts analyze Powell's cautious stance on interest rate cuts and his acknowledgment of potential tariff impacts. They also discuss the fragile ceasefire between Israel and Iran, the international reaction to U.S. involvement, and Trump's mixed messages regarding the situation. The program further examines the debate over war powers, the push for increased defense spending among NATO members, and the complexities of the New York City mayoral primary, including the impact of ranked-choice voting and weather on turnout.