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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Retired Rear Admiral Mark Montgomery, Senior Fellow at the Foundation for Defense of Democracies, says any US response after President Trump said Iran shot down an American Apache helicopter near the Strait of Hormuz should target military sites tied to the attack and avoid economic targets that could escalate the conflict. Federal Deposit Insurance Corporation Chairman Travis Hill says he “fully” disagrees with Federal Reserve Governor Michael Barr’s warning that recent regulatory changes could weaken bank safety and soundness, arguing regulators are trying to focus examiners on material financial risks while keeping the banking system balanced and resilient. (Source: Bloomberg)
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