Criminal Probe Into Fed Chair Powell, Homan's Warning on ICE, MN Fraud Admissions: AM Update 1/12

The Megyn Kelly Show

SiriusXM

Society & Culture, News Commentary, News

4.4 • 38.5K Ratings

🗓️ 12 January 2026

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Federal Reserve Chairman Jerome Powell confirms he is under criminal investigation by the Justice Department over whether he misled Congress about ballooning costs tied to the Fed’s $2.5-billion headquarters renovation. Tensions explode in Minneapolis after an ICE agent fatally shoots a woman driving toward him, as state and local Democrats publicly condemn the officer and Border Czar Tom Homan warns that reckless rhetoric is putting law enforcement lives at risk. Minneapolis Mayor Jacob Frey concedes there is a massive fraud problem in the city as federal authorities step in to dismantle a sprawling benefits-fraud network. President Trump weighs a range of possible military actions, from Iran to Greenland. The college football playoff championship is set, with undefeated Indiana facing Miami, behind breakout Heisman-winning quarterback Fernando Mendoza, whose faith-driven, stoic philosophy has made him one of the season’s most compelling stars. PureTalk: Cut your wireless bill to $20/month—switch to PureTalk now at https://PureTalk.com/KELLY ARMRA: go to https://tryarmra.com/MEGYN to get 30% off your first subscription order

Transcript

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0:00.0	Good morning, everyone. I'm Megan Kelly. It's Monday, January 12th, 2026, and this is your AM update.
0:09.6	Federal Reserve Chairman Jerome Powell confirms he's under criminal investigation by the DOJ.
0:15.0	We've got to stop the hyper-redit.
0:17.7	Saying this officer's a murderer is dangerous. As state and local lawmakers in flame
0:23.3	tensions in Minnesota following the shooting death of a woman resisting arrest who was
0:28.2	accelerating her car toward an ice agent, orders our Tom Homan calling on the left to turn down
0:34.4	the temperature. Obviously everybody could have done more to prevent fraud.
0:38.5	That's a fair point to make.
0:40.3	Minneapolis Mayor Jacob Frye forced to admit there's a real fraud problem in his city
0:45.2	as the feds step in to fix it.
0:48.0	President Trump eyeing possible military action in two countries
0:51.7	and the college football playoff championship teams are set,
0:56.0	featuring one of the most unique star players in years. All that and more coming up in just a moment
1:01.4	on your AM update. If your credit card balance is freaking you out after all the holiday
1:09.9	spending, I mean, right?
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1:34.4	you're going to save an additional 20% every single month. That's awesome. The easiest way to free up
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1:46.0	switching to PureTalk. Go to PureTalk.com slash Kelly and make the switch today in as
	...

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