Powell under attack and business reaction

In our latest Contrarian episode, Norm Eisen, Katie Phang, and Jen Rubin join Harry for a deep dive on ICE's rampage through Minnesota. The panel reviews the legal and political prospects for stopping what local leaders call a "federal invasion." Can congressional Democrats restrain ICE? What about the broad-gauge lawsuit brought by Minnesota? Then the panel turns to whether the Administration has stepped on the third rail with its investigation of Federal Reserve Chair Jerome Powell, which Powell denounced as an obvious pretext for Trump's crusade to control interest rates.

Mentioned in this episode: 

The Contrarian: https://contrarian.substack.com/

Katie's YouTube channel:  https://www.youtube.com/@katiephangnews 

Jen's piece about Democrats and ICE:  https://contrarian.substack.com/p/democrats-must-seize-the-opportunity 

David Frum's piece about J.D. Vance:  https://www.theatlantic.com/politics/2026/01/vance-defends-minneapolis-shooter-ice-maga-symbol/685584/ 

Katzenbach memo:  https://www.justice.gov/olc/file/477221/dl?inline#page=509

Minnesota's 10th Amendment lawsuit:  https://www.ag.state.mn.us/Office/Communications/2026/docs/00190_DHS_Complaint.pdf

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