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Crossroads with Joshua Philipp

Scandal Could Force Federal Reserve Leadership Change

Crossroads with Joshua Philipp

The Epoch Times

Education, Government

4.9594 Ratings

🗓️ 13 January 2026

⏱️ 72 minutes

🧾️ Download transcript

Summary

The Federal Reserve could soon see a change in leadership as its chair is under a criminal investigation. It comes as President Donald Trump has been trying to remove Federal Reserve Chair Jerome Powell from his position in a bid to install new leadership that could lower interest rates. The criminal charges are over Powell’s testimony to a Senate committee on the renovations of Federal Reserve buildings.

We’ll discuss this topic and others in this episode of Crossroads.

Views expressed in this video are opinions of the host and guests, and do not necessarily reflect the views of The Epoch Times.

Transcript

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0:00.0

The Federal Reserve could soon see a change in leadership.

0:03.6

This is as Federal Reserve Chair Jerome Powell is under criminal investigation by the U.S.

0:08.5

Attorney's Office over expensive renovations of the Fed's headquarters.

0:13.5

Now, this also ties into what will likely be the biggest issue for the upcoming midterm elections.

0:18.2

That's the affordability crisis.

0:20.5

And right now, Trump is

0:21.8

aiming to drive down housing costs by doing something interesting. He's making a large-scale

0:27.5

mortgage stimulus plan being rolled out. And meanwhile, TSA is now reporting that over the last

0:34.5

two years, it found $700 million stuffed in luggage at the

0:39.0

Minneapolis airport. This being revealed amid the investigations into Somalian fraud rings in

0:44.8

Minnesota. We'll be talking about these topics and a lot more today. Before we begin,

0:49.4

don't forget to subscribe to this podcast and also leave a review if you've been enjoying the show.

0:55.2

I'm the Epic Times Senior Investigative reporter, Joshua Phillip, and you're listening to

0:58.9

Crossroads.

1:05.8

Big changes at the Federal Reserve. It's about interest rates and could actually change the cost of just about everything.

1:13.0

The Federal Reserve could soon see a change in leadership. They're resisting it, but Federal Reserve

1:20.4

Chair Jerome Powell is currently under criminal investigation by the U.S. Attorney's Office.

1:25.0

Now look, this happens with the backdrop that President

1:28.5

Donald Trump has been trying to remove Powell from his position for a very long time, technically

1:34.0

appointed by Trump in his first term, but in a bid to install new leadership that could lower

1:40.7

interest rates, Trump is going at it with Powell. And look, the criminal charges and

1:46.3

investigations ought to see what happens with it. Basically, they're looking into expensive renovations

...

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