DOJ Investigating Fed Chair Jerome Powell

WSJ Minute Briefing

The Wall Street Journal

Business News, News

4.1 • 671 Ratings

🗓️ 12 January 2026

⏱️ 2 minutes

🔗️ Recording | iTunes | RSS

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Summary

Plus: President Trump mulls blocking Exxon Mobil from drilling in Venezuela following comments by the company’s top executive at the White House. And big bank shares drop as Trump calls for a 10% cap on credit cards interest rates. Daniel Bach hosts. Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.7	of Slack Business Plus. Here's your morning brief for Monday, January 12th. I'm Daniel
0:35.6	Bach for the Wall Street Journal. U.S. prosecutors have launched
0:39.1	an investigation into Federal Reserve Chair Jerome Powell, threatening a criminal indictment
0:43.9	over his testimony last year concerning the bank's building refurbishment. Trump last month threatened
0:49.3	a lawsuit against Powell, alleging incompetence over the renovation of two historic buildings that's been hit
0:55.1	by cost overruns. In a video posted by the Federal Reserve, Powell denied any wrongdoing and called
1:00.9	the renovation project pretext for an attack on the central bank's independence. Golden silver
1:06.0	prices have shot up to record highs today as a result, while U.S. stock futures have moved lower ahead of the open.
1:12.5	President Trump has said he might block ExxonMobil from drilling in Venezuela.
1:17.0	That's after the president met with oil executives at the White House on Friday,
	...

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