Latest / Hoover Daily Report / Hoover Daily Report | Friday, May 22, 2026

Transcript

Hoover Daily Report | Friday, May 22, 2026 · Hoover Daily Report

• 0:00
  Welcome to "the Hoover Daily Report". Ideas Advancing
• 0:04
  Freedom. It's Friday, May 22nd, twenty twenty six .
• 0:07
  Today, Kevin Warsh officially becomes the chair of the Federal Reserve. Zachary
• 0:11
  Shore offers a voting system solution to overcome the impact of gerrymandering.
• 0:15
  And Lanhee Chen and Brian Miller suggest solutions to lower the cost of drugs for
• 0:20
  ordinary Americans.
• 0:21
  Key Moments from Warsh’s Swearing-In Ceremony.
• 0:23
  Former Hoover fellow Kevin Warsh was sworn in as the 17th chair of the Board
• 0:28
  of Governors of the Federal Reserve System at the White House on Friday
• 0:32
  morning. He told attendees he would act with “energy and purpose, just the way
• 0:37
  Chairman (Alan) Greenspan did.” The Wall Street Journal reports that Hoover
• 0:42
  Institution Director Condoleezza Rice was at the ceremony, alongside Supreme Court
• 0:47
  Justice Brett Kavanaugh and former Vice President Dan Quayle. For his part,
• 0:51
  President Donald Trump said he wants Warsh to be “totally independent.”.
• 0:56
  Outwit the Gerrymander.
• 0:57
  On his Substack Wiser Way, National Security Visiting Fellow Zachary Shore
• 1:01
  offers a novel voting system he argues could nullify the negative impact of
• 1:05
  gerrymandering. Called “cumulative voting,” under this arrangement each
• 1:08
  voter casts a vote for every candidate of whom they approve and could “cast
• 1:12
  multiple votes for the same candidate, though within a fixed limit.” Shore says
• 1:16
  this system could help push back against the impact of gerrymandering underway in
• 1:20
  some states. “Instead of each minority voter casting one vote for the minority
• 1:24
  candidate, every minority voter could decide to cast all five of their approval
• 1:28
  votes for that one minority candidate,” Shore wrote. “This would make that
• 1:31
  minority candidate flush with votes and likely to win a seat on the board.”.
• 1:35
  Enhancing Prescription Drug Affordability Through Competition.
• 1:39
  For the Journal of American Medicine Forum, fellows Lanhee J. Chen and Brian
• 1:43
  Miller write of the urgent need for measures to lower the cost of drugs for
• 1:47
  ordinary Americans. They offer two suggestions. First, the US needs a formal
• 1:52
  pathway to make certain low-risk drugs obtain “behind the counter status,” where
• 1:57
  they do not need a prescription, only the recommendation of a pharmacist based on a
• 2:02
  customer’s symptoms. Similar programs already exist in Canada, Australia, and
• 2:06
  the UK. Second, they say the Food and Drug Administration must speed up the
• 2:11
  process by which biosimilar drugs are evaluated and approved to enter the
• 2:15
  marketplace. Chen and Miller say these measures could go a long way toward
• 2:19
  helping the estimated 40 percent of Americans who report regular difficulty
• 2:24
  affording their medication.
• 2:25
  California Update: AI to the Fiscal Rescue, Spencer for Hire in LA?
• 2:31
  The latest episode of Matters of Policy & Politics shows how California’s revised
• 2:35
  state budget for the new fiscal year, beginning in July, comes with a plot
• 2:40
  twist—a deficit that’s no more, courtesy of an unexpected capital-gains-tax
• 2:44
  windfall. But is the same entity that showered Sacramento with billions in tax
• 2:49
  revenue—California’s vibrant AI sector—also a source of long-term
• 2:53
  economic and policy concerns (tech-related job losses; competition
• 2:57
  with farmers for water and electricity)? And how do AI and the jittery state of
• 3:02
  California’s finances factor into Gov. Gavin Newsom’s presidential ambitions?
• 3:06
  Meanwhile, as the Golden State’s June 2 primary approaches, is it time to take
• 3:11
  reality-TV “villain” and Palisades Fire victim Spencer Pratt seriously as he
• 3:16
  gains ground in Los Angeles’s contentious mayoral race?
• 3:19
  Cold War II and the Rise of Anti-History.
• 3:22
  On the latest episode of the School of War Podcast with Aaron MacLean, Senior
• 3:27
  Fellow Niall Ferguson speaks about the significant moment the world finds itself
• 3:32
  in, and how mistakes and misinterpretations of recent history
• 3:36
  could make the situation worse. Ferguson speaks about how the “short war illusion”
• 3:41
  persists today, how anti-historical pseudoscholarship threatens our
• 3:45
  understanding of the world, and what is really influencing Donald Trump’s
• 3:50
  approach to foreign policy and his handling of the Iran war.
• 3:53
  Featured Research Initiative: Tech Track 2.
• 3:56
  The Tech Track 2 initiative is designed to foster deeper cooperation between US
• 4:00
  government leaders, tech executives, and distinguished academics on urgent
• 4:05
  national security challenges.
• 4:06
  That’s your Hoover Daily Report for Friday, May 22nd, twenty twenty six.
• 4:11
  Each weekday, we bring you research, analysis, and commentary focused on
• 4:15
  public policy, national security, and the ideas shaping American society and
• 4:20
  government.
• 4:20
  The Hoover Institution at Stanford University is grounded in constitutional
• 4:24
  principles with a commitment to sustaining the safeguards of the American
• 4:28
  way of life.
• 4:29
  Thank you for listening.
• 4:30
  For links to all the articles and interviews mentioned today, visit
• 4:34
  hoover.org slash, HDR.