The Joseph Carlson Show The FED Goes To War With Trump
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Jan 12, 2026 Tensions rise as the Fed faces scrutiny from President Trump and allegations of political pressure surface. The impacts of potential investigations and their threats to Fed independence are explored. Duolingo's leadership shake-up adds intrigue, alongside a valuation argument for the struggling company. Meanwhile, a groundbreaking partnership between Apple and Google aims to enhance Siri's intelligence. In the entertainment world, Paramount's aggressive moves to acquire Warner Bros. Discovery spark legal drama.
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Fed Chair Frames DOJ Probe As Political
- Jay Powell calls a DOJ investigation into his congressional testimony unprecedented and politically charged.
- He argues the probe aims to intimidate the Fed into making monetary decisions that favor the President.
DOJ Focuses On Fed Renovation Budget
- The DOJ's stated basis is alleged false testimony about a costly Fed headquarters renovation and possible lavish features.
- The host explains DOJ alleges perjury tied to budget increases and claimed extravagant upgrades.
Powell Confronted Over A Confusing $3.1B Figure
- Joseph Carlson recounts a public meeting where President Trump questioned Powell about a $3.1 billion figure.
- Powell appeared surprised and traced the number to an included building finished five years earlier.