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The Situation Room with Wolf Blitzer and Pamela Brown

Trump Administration Targets Fed Chair

The Situation Room with Wolf Blitzer and Pamela Brown

CNN

News

3.2 • 865 Ratings

🗓️ 12 January 2026

⏱️ 79 minutes

🧾️ Download transcript

Summary

After a year of insults and threats to fire Jerome Powell, the Trump Administration is opening a shocking new criminal probe into him, prompting the Fed chair to issue his strongest rebuke yet. Meanwhile, the president is sending hundreds of additional immigration agents into Minneapolis, where they have been days of intense protests after an ICE agent killed Renee Good. And Iran says it's ready to respond to any attacks from the United States.    Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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Happening now shocking investigation after a year of insults and threats to fire Fed

0:26.8

Chair Jerome Powell, the Trump administration is opening a new criminal probe into him,

0:31.9

and that investigation has Powell issuing his strongest rebuke yet, as he warns that the feds independence is at stake.

0:39.9

And intensifying surge, the Trump administration is sending hundreds of additional immigration

0:44.7

agents into Minneapolis where there have been days of intense protests after a deadly ice-involved

0:50.3

shooting. CNN's new reporting on the enhanced deployment.

0:55.0

And quote, prepared for war. Iran says it's ready to respond to any attacks from the United

1:01.4

States as President Trump considers possible intervention there as deadly protests spread

1:07.5

across the country. And arson attack.

1:11.6

Mississippi investigators say someone burned down the state's oldest synagogue.

1:16.6

And now the FBI is involved in the investigation.

1:19.6

We want to welcome our viewers here in the United States and around the world.

1:23.6

I'm Wolf Blitzer with Pamela Brown, and you're in the situation room.

1:35.3

This is CNN breaking news. And we begin with stunning news here in Washington that federal

1:41.3

prosecutors have started a criminal investigation of the Federal Reserve

...

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