Debating the DOJ’s Criminal Investigation into Jay Powell 1/13/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 13 January 2026

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Division over the federal investigation of the Federal Reserve has rattled the Republican Party. CNBC’s Eamon Javers reports from Washington, DC, and former House Speaker Kevin McCarthy discusses the probe and the President’s power at home and abroad. Tune into CNBC tonight for “Warren Buffett: A Life and Legacy,” a two-hour special of exclusive, never-before-seen interviews with Warren Buffett about his views on business, philanthropy, and life, and how his philosophies have evolved over the decades. Hosted by CNBC’s Becky Quick, the program will also feature interviews with Warren Buffett’s three kids – Susie, Howie, and Peter – who reflect on the enormous responsibility their father has entrusted to them – to eventually donate his entire fortune. Eamon Javers - 8:34 Kevin McCarthy - 18:10 In this episode: Kevin McCarthy, @SpeakerMcCarthy Eamon Javers, @eamonjavers Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Today on Squawk Pod.
0:09.0	The criminal investigation into Federal Reserve Chair J. Powell
0:13.0	that has rattled Republican unity.
0:16.0	It's one of the first times I think we've ever seen, frankly,
0:19.0	a break in the party like this over almost any issue
0:21.9	since the beginning of the administration. Give Republicans a little more credit, and they're not
0:25.6	in lockstep. Who's spoken out against the probe, what it means for Fed independence, and what
0:31.3	politics has to do with it, CNBC's Aymn Javvers from Washington. Bear in mind that the president's
0:36.7	position still is that he has nothing to do with this.
0:39.3	Then former House Speaker Kevin McCarthy on the power concentrated at 1600 Pennsylvania Avenue.
0:46.3	President Trump is at a stronger position than I think even Ronald Reagan was at any given time.
0:51.3	We have not seen a president with this type of power since Rosenville. He is the chief whip.
0:56.2	Plus, a sneak peek or sneak listen at Becky Quicks to our CNBC special airing tonight,
1:02.6	Warren Buffett, a life and legacy.
1:04.8	He did say he was willing to write a check for $100 billion that day if someone came to him
1:10.2	with a good idea. So he's always on the
1:12.5	head. It is Tuesday, January 13th, 2026. Squawk Pod begins right now. Stand Becky by in three, two,
1:22.6	one. Cure, please. All right, welcome back, everybody, to Squackbox. Good morning. We are right here. I'm Becky
1:31.1	Quick, along with Joe Cardin and Andrew Ross Sorkin. It's good to see everybody. Good morning.
1:35.9	It's a Tuesday. The Dow is off by about 55 points after closing at a record yesterday. The
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