Marketplace All-in-One Fed investigation is politically motivated, Powell says
Jan 12, 2026
Nancy Marshall-Genzer, a Marketplace reporter known for her insightful economic analysis, discusses the Justice Department's politically charged investigation into the Federal Reserve, highlighting Jerome Powell's response framing it as a threat to Fed independence. Meanwhile, finance professor Abraham Ravid delves into the implications of Warner Bros.' consolidation, including how shelved films can benefit studios financially and the potential impacts on movie production and creativity, posing risks for both filmmakers and audiences.
AI Snips
Chapters
Transcript
Episode notes
Investigation Framed As Political Pressure
- Jerome Powell says DOJ subpoenas over Fed building renovations are a pretext for political pressure.
- He argues the investigation threatens Fed independence and rate-setting based on evidence.
White House Denies Direct Role
- President Trump told NBC he doesn't know about the probe and blames high rates as the only pressure.
- Nancy Marshall-Genzer reports this contrasts with Powell's claim that the probe is politically motivated.
Pause Fed Confirmations Pending Resolution
- Senators warn they will block Fed confirmations until the legal matter is resolved.
- Tom Tillis and Elizabeth Warren urge the Senate to delay any Trump Fed nominees.