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The Reason Roundtable

End the Fed? Or Turn It Over to Trump?

The Reason Roundtable

The Reason Roundtable

News, Politics

4.51.5K Ratings

🗓️ 13 January 2026

⏱️ 75 minutes

🧾️ Download transcript

Summary

Plus: ICE shootings divide the country, the Iran uprising intensifies, and California targets billionaires with a wealth tax

Transcript

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0:00.0

Does Donald Trump want to end the Fed or control it?

0:03.6

We're going to talk about the federal criminal investigation into Fed Chair Jerome Powell and what it means, plus the fallout from the ICE shootings in Minnesota and the terror of unaccountable, masked law enforcement officials.

0:15.7

Also, what about California's wealth tax or Democrats just tired of billionaire?

0:20.7

Sure seems like it. All this and more coming

0:22.4

up on today's show. Welcome to the Reason Roundtable. This is your libertarian review of news and culture

0:27.5

from the editors of Reason magazine. I'm your host, Peter Souterman, and today I am joined by my colleagues

0:32.4

Catherine Mangy Ward, Matt Welch, and returning special guest once again, Robbie Suave, welcome to the show. Thank you so much.

0:39.8

All right, let's start with Joan Powell. Powell is obviously the chairman of the Federal Reserve

0:43.5

over the weekend. It was revealed that the U.S. Attorney's Office opened a criminal investigation

0:48.6

into him for spending on the Fed's new office project. That investigation was approved last year by Trump-Alli, Janine Piro.

0:57.6

But by nearly every account, this has basically nothing to do with offices and office furniture

1:03.6

and elevators and all the stuff that they were complaining about in some of the congressional

1:07.6

hearings.

1:09.0

Instead, this is about interest rates.

1:11.5

Trump has pressured Powell to lower interest rates

1:13.5

basically since he came into office,

1:15.2

and Trump has reportedly been looking to oust Powell in response.

1:18.8

Catherine, libertarians like to say we should end the Fed, right?

1:21.6

We don't want it anymore.

1:23.5

But it seems like Trump isn't trying to end the Fed

1:26.0

or the central bank here.

1:27.1

He just wants to run it.

...

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