DOJ Launches Criminal Probe into Fed Chair plus Paid Pro Agitators Target ICE Nationwide
The Ben Ferguson Podcast
iHeartPodcasts
4.8 • 5.4K Ratings
🗓️ 17 January 2026
⏱️ 16 minutes
🧾️ Download transcript
Summary
1. Criminal Probe Into Federal Reserve Chair Jerome Powell
- The document’s primary focus is on President Trump’s administration opening a criminal investigation into Federal Reserve Chair Jerome Powell.
- The probe involves grand jury subpoenas related to Powell’s testimony before Congress about renovations to the Federal Reserve’s headquarters in Washington, D.C.
- Powell publicly addressed the issue in an unusual prerecorded video, emphasizing that:
- He respects the rule of law.
- He believes the investigation is politically motivated rather than based on wrongdoing.
- He views the investigation as retaliation for the Fed’s interest rate decisions, which he says were made based on economic evidence rather than presidential pressure.
Concerns About Federal Reserve Independence
- Powell frames the investigation as a threat to the independence of U.S. monetary policy.
- He argues the action raises a fundamental question:
- Whether interest rates will continue to be set by economic data and expertise
- Or be influenced by political intimidation and pressure
- The media narrative highlighted in the transcript emphasizes historic and unprecedented pressure on the Federal Reserve from the executive branch.
2. ICE Protests and Domestic Unrest
- President Trump says:
- Protesters are “professional agitators”
- They may be financially backed by left‑wing groups
- Federal officials, including DHS leadership, describe:
- Protest activity as approaching or constituting domestic terrorism
- The use of vehicles as weapons against law enforcement
Federal Escalation
- DHS is reportedly deploying up to 1,000 additional federal agents to Minnesota.
- Federal authorities state they will not retreat, regardless of local political opposition.
- There is a clear standoff between federal enforcement and local leadership, with immigration enforcement at the center.
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Transcript
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| 0:00.0 | This is an IHeart podcast. |
| 0:02.5 | Guaranteed Human. |
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| 0:16.6 | They'll get much better health care and a much reduced. |
| 0:20.1 | You're listening to the 47 morning update with Ben Ferguson. |
| 0:24.2 | Good Saturday morning to you. |
| 0:25.6 | Ben Ferguson with you. |
| 0:27.0 | And these are some of the stories that you may have missed that we talked about this week on the 47 morning update. |
| 0:32.2 | First up in a shocking news event on Sunday night. |
| 0:36.8 | The Fed chair, Jerome Powell, says he's under criminal investigation and also put out |
| 0:42.3 | an unprecedented video from the Fed saying he will not bow to the Trump administration |
| 0:48.3 | and his intimidation. |
| 0:50.3 | Also, President Donald Trump is pledging to uncover leftist groups that are countering ICE agents. |
| 0:57.1 | We're seeing it happen all over the country. |
| 0:59.8 | And the anti-ice mobs, well, they're anything but organic. |
| 1:03.1 | So who is financing them? |
| 1:05.0 | That coming up as well. |
| 1:07.1 | But first, I want to tell you about an amazing opportunity right now that I'm involved in and I cannot |
| 1:13.7 | wait for you to take advantage of it. I want you to take some incredible courses at Hillsdale |
... |
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