Tehran Teetering on the Edge plus Grand Jury Targets Jerome Powell
The Ben Ferguson Podcast
iHeartPodcasts
4.8 • 5.4K Ratings
🗓️ 12 January 2026
⏱️ 16 minutes
🧾️ Download transcript
Summary
Section 1: Iran Regime Revolt
- Protests in Iran: Anti-government demonstrations have been ongoing for over two weeks, driven by economic hardship and opposition to the regime.
- Violent Crackdown: Security forces have responded with heavy repression; reports indicate deaths and brutality in the streets.
- Trump Administration Response:
- President Trump publicly supports Iranian protesters, emphasizing U.S. readiness to help.
- Strong warnings issued: Iran will face “serious consequences” if it violently suppresses protests.
- Options under consideration include cyber, military, and diplomatic measures.
- Iran’s Reaction: The regime is attempting to silence information by shutting down landlines and internet access.
- Geopolitical Dynamics:
- Russia reportedly has aircraft ready in Tehran to evacuate Iranian leadership if the regime collapses.
- Israel may be involved in potential strikes against Iranian leadership.
- Current Situation: At least one border city reportedly overthrown by protesters; risk of either major freedom gains or significant loss of life in the coming hours.
Section 2: Federal Reserve Chair Investigation
- Criminal Probe: The Trump administration has opened a criminal investigation into Fed Chair Jerome Powell.
- Powell’s Statement:
- DOJ served grand jury subpoenas related to his testimony about renovations to the Fed’s headquarters.
- Powell claims the probe is politically motivated, aimed at pressuring monetary policy decisions.
- Emphasizes Fed independence and commitment to evidence-based interest rate setting.
- Context:
- Trump has criticized Powell for not cutting interest rates as aggressively as desired.
- DOJ states the investigation focuses on potential misuse of taxpayer funds in renovation projects.
- Media and Political Spin: Debate centers on whether this is about renovation testimony or political interference in monetary policy.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.6 | Guaranteed Human. |
| 0:05.9 | When you say that they probably do it at this point, after going through it for years with me, |
| 0:12.1 | being hit Soleimani, al-Baghdadi, the Iran nuclear threat wiped out, |
| 0:17.7 | don't you think, and then you just had Venezuela? Don't you think, she says CNN, |
| 0:22.7 | do you think they take your threat seriously? What do you say they do after all of the things we've done? |
| 0:27.7 | What a stupid question. You're listening to the 47 morning update with Ben Ferguson. |
| 0:33.6 | Good Monday morning. Nice to have you with us on the 47 morning update, and we've got two major stories for you. |
| 0:38.7 | First up, anarchy and chaos in the streets in Iran. The president making it clear as the death toll is rising that America may step in. |
| 0:48.0 | And we also may have Israel get involved as well. So what happens next? We've got it all for you in just a moment. Also, in a shocking |
| 0:56.4 | news event on Sunday night, the Fed chair, Jerome Powell, says he's under criminal investigation |
| 1:03.1 | and also put out an unprecedented video from the Fed saying he will not bow to the Trump |
| 1:09.6 | administration and his intimidation. |
| 1:12.3 | It's the 47 morning update and it starts right now. |
| 1:15.6 | Story number one. |
| 1:16.8 | Anti-government demonstrations have been ongoing now for more than two weeks in Iran, |
| 1:22.9 | driven by the economic hardship and the opposition to the regime. |
| 1:28.5 | There have been widespread classes and heavy repression by security forces. |
| 1:34.6 | President Donald Trump has publicly expressed support for the people protesting in Iran. |
| 1:39.8 | He wrote that Iran is looking for freedom, perhaps like never before, and said the U.S. |
| 1:45.7 | stands ready to help those seeking that freedom. |
| 1:49.4 | The Trump administration has signaled that it is considering helping the protesters, |
... |
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