Trump's DOJ Opens Criminal Investigation into the Federal Reserve | Outtake
Native Land Pod
iHeartPodcasts and Reasoned Choice
4.8 • 3.5K Ratings
🗓️ 12 January 2026
⏱️ 3 minutes
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Summary
If it feels like ALL hell is breaking loose…it’s because IT IS! Trump’s DOJ now has the Federal Reserve Chairman, Jerome Powell, under criminal investigation.
You may be asking what does this have to do with me and why should I care… this is another test for the Administration, a test of their ability to go after their political enemies. This is about the Fed setting the interest rate on market indicators and not wherever Trump wants it.
And by the way, The Fed cut interest rates THREE TIMES last year.
This episode is an outtake from Angela Rye's Instagram @angelarye
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.6 | Guaranteed Human. |
| 0:03.8 | We've learned from Federal Reserve Chairman Jerome Powell that he is under a criminal probe |
| 0:10.6 | facing potential indictment for God only knows what. |
| 0:13.8 | Because Donald Trump wants the interest rates lower. |
| 0:17.6 | They are claiming that this is about how much a Federal Reserve rebuild costs. |
| 0:24.7 | Donald Trump believe it costs too much. So now the Department of Injustice, y'all's |
| 0:29.0 | taxpayer dollars are going to investigate the Federal Reserve chairman. This man has served |
| 0:34.9 | under four presidential administrations. Let's listen to what he says. |
| 0:41.1 | Good evening. On Friday, the Department of Justice served the Federal Reserve with grand jury |
| 0:47.3 | subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee |
| 0:52.8 | last June. That testimony concerned in Senate Banking Committee last June. |
| 1:01.8 | That testimony concerned in part a multi-year project to renovate historic Federal Reserve office buildings. |
| 1:07.8 | I have deep respect for the rule of law and for accountability in our democracy. |
| 1:12.3 | No one, certainly not the Chair of the Federal Reserve, is above the law. |
| 1:18.2 | But this unprecedented action should be seen in the broader context of the administration's threats and ongoing pressure. This new threat is not about my testimony last June or about the renovation |
| 1:25.2 | of the Federal Reserve buildings. It is not about Congress's |
| 1:28.5 | oversight role. The Fed, through testimony and other public disclosures, made every effort to keep |
| 1:33.9 | Congress informed about the renovation project. Those are pretexts. The threat of criminal |
| 1:41.1 | charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President. |
| 1:52.3 | This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions, or whether instead monetary policy will be directed by political pressure or intimidation. |
| 2:03.6 | I have served at the Federal Reserve under four administrations, Republicans and Democrats alike. |
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