This is Macro Voices, the free weekly financial podcast targeting professional finance,

high net worth individuals, family offices, and other sophisticated investors.

Macrovoices is all about the brightest minds in the world of finance

and macroeconomics telling it like it is, bullish or bearish, no holds barred. Now, here are

your hosts, Eric Townsend and Patrick Suresna. Macrovoices Episode 537 was produced on June 18, 2026. I'm Eric Townsend. The FOMC held its first meeting with Kevin Warsh as the chair,

and the dot plot already anticipates a hike is more likely than a cut as the new fed's first policy move.

But the really big news of the week was President Trump announcing a memoranding of understanding

to end the Iran conflict.

That announcement begs several questions.

Is the war really ending?

Or will there be another escalation?

Now, the White House had been widely criticized because the

deal terms had not been disclosed initially. Then when they finally were disclosed, Friday's

signing of the agreement was canceled in favor of a docu-signing of the agreement remotely from Versailles.

So exactly what was agreed to? And does it really achieve all the goals

that the president set forth at the beginning of the conflict? To answer those questions and more,

Santiago Capital founder Brent Johnson returns as this week's feature interview guest. We'll discuss

the Iran deal, Brent's outlook for the U.S.

dollar, and much more. To address the outlook for oil markets specifically, I also recorded

a live debate between Dr. Anas al-Haji and former Goldman Sachs Commodity Strategy Chief Jeff Curry,

and I strongly encourage anyone interested in oil markets to

watch or listen to that debate. You'll find the link in your research roundup email or at

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