Apple News Today Powell’s stunning rebuke to Trump as DOJ launches criminal probe
14 snips
Jan 12, 2026 Federal prosecutors have launched a criminal investigation into Jerome Powell, leading him to publicly address concerns over Fed independence. In Iran, violent protests continue with reports of over 500 deaths amid a severe government crackdown. The unrest has prompted discussions about potential U.S. intervention. Meanwhile, Minneapolis is witnessing massive protests against ICE following the shooting of Renee Good, as the Department of Homeland Security plans to increase its presence there. Other headlines include a synagogue arson arrest and highlights from the Golden Globes.
AI Snips
Chapters
Transcript
Episode notes
Investigation Seen As Political Pressure
- The DOJ's probe into Jerome Powell is framed as political pressure rather than a standard criminal inquiry.
- Powell warns this threatens the Fed's ability to set rates based on evidence, not politics.
Renovation Dispute Could Be Pretext
- Trump has repeatedly attacked Powell over Fed renovations and interest rates.
- The renovation cost controversy could be used as pretext to remove Powell before his term ends.
Economic Pain Drives Widespread Protests
- Iran's protests are fueled by skyrocketing inflation and sanctions-induced economic pain.
- Videos and reports show violent suppression, large arrests, and possible hundreds of deaths amid an internet blackout.