This Morning With Gordon Deal This Morning with Gordon Deal January 14, 2026
Jan 14, 2026
Greg Ip, Chief economics commentator at The Wall Street Journal, discusses the political implications of the DOJ investigation into Jerome Powell, emphasizing its potential threat to the Fed's independence. Financial analyst Stephen Cates analyzes the latest consumer price index, revealing issues with shelter data and the implications for future Fed rate decisions. They also touch on President Trump's economic remarks and the fallout from the ICE shooting that led to several prosecutors resigning in Minneapolis.
AI Snips
Chapters
Transcript
Episode notes
U.S. Signals Support To Iranian Protesters
- The U.S. publicly encouraged Iranian protesters while warning Americans in Iran to evacuate amid rising fatalities.
- President Trump said, "help is on the way," signaling possible U.S. intervention and escalating tensions with Tehran.
Economy Message And Public Conduct
- Trump framed the U.S. economy as poised for strong growth and blamed the Fed for holding back gains.
- The White House defended Trump's vulgar gesture at a heckler as an appropriate response.
Investigation Seen As Power Play Over Fed
- The DOJ probe into Jerome Powell is portrayed as a means for political control over the Fed rather than a routine budget inquiry.
- Greg Ip argued that public pressure seeks to erode central bank independence to influence rates.