The Dispatch Podcast Investigating Jerome Powell
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Jan 13, 2026 Join Michael Warren, a keen political reporter, John McCormack, a sharp Capitol Hill correspondent, and James Sutton, an insightful analyst, as they delve into the DOJ's investigation of Jerome Powell. They discuss the political implications of Trump's tariff policies on interest rates and inflation, and examine how these economic strategies may shift GOP messaging. The trio also explores Iran's protests, highlighting generational shifts and the regime's legitimacy crisis, and reflects on how these events may resonate within American political dynamics.
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Legal Action As Political Retaliation
- The Powell subpoenas look like legal pretext for political retribution rather than a serious criminal case.
- Michael Warren warns the DOJ action fits a pattern of using law enforcement to punish Trump’s perceived enemies.
Use Confirmation Power As Leverage
- Monitor Senate holds and confirmations as leverage against politicized DOJ actions.
- Tom Tillis said he will block Fed nominations until the Powell investigation is resolved.
Tariffs Are A Massive Hidden Tax
- Tariffs are imposing a hidden multi‑trillion dollar tax that keeps prices high and forces the Fed to maintain tighter policy.
- John McCormack argues attacking Powell risks higher inflation and is politically self‑defeating.