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Today on the Playbook podcast, all eyes on the markets this morning after Donald Trump and

Jay Powell go to war. The president says he's being

briefed hourly on the protests in Iran as the White House considers military intervention and hundreds

more federal agents arrive in Minnesota today. The administration doubles down after last

week's fatal ice shooting. Hello, I'm Jack Blanchard. And I'm Dasha Burns. It is Monday, January 12th.

How you doing, Dasha? Happy Monday. Happy Monday. Oh my goodness. Lots to talk about it over the weekend and into the week.

You bet. Not such a happy Monday for Jerome Powell, right? The chair of the Federal Reserve.

Yeah, I bet his Sunday scaries were worse than mine. I mean, he seems to be taking it pretty much in his stride, I have to say. I mean, I'm sure people listen to this as well, no, but Powell announced last night that he's been subpoenaed by Donald Trump's Justice Department, and they're considering criminal challenges against him over-tested many he gave to Congress last year.

And he put out this extraordinary video, Dash, which I'm sure most people watching this will see,

I'm sure you've seen.

Hard to imagine a previous chair of the Fed having to put something like what we saw from Jay Powell last night.

Yeah, I think part of his sort of com, cool, collected approach is stemming from the fact that he's been prepared for something like this to potentially happen, basically since Trump got into office.

Though, will they, won't they fight it out? Will he won't he fire him? Will he won't he do something to blow up Jay Powell's spot? It's been a conversation we've had on this podcast, I think has been in the headlines so much. What's wild about this

moment is that his term is up in a few months, right? I think there are a lot of people in the business

community, but also in and around the White House that thought

this has been put to bed, that the idea of doing something to mess with Powell beyond what

has already been done was a non-starter. And so this comes, it's quite the bombshell this Monday morning.

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