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Powell pushes back as Trump’s DOJ launches investigation

Season 2026 Episode 12 | 3m 53s

The Justice Department has launched an unprecedented criminal investigation against the Federal Reserve and its chairman, Jerome Powell. For his part, Powell made it clear he was fed up with what he sees as a threat from President Trump and said he would not capitulate to political pressure when shaping economic policy. Amna Nawaz reports.

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Extras
January 12, 2026 - PBS News Hour full episode
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Iran protests escalate as regime crackdown leaves more than 500 dead
Trump administration's posts echo rhetoric linked to extremist groups
Trump's intimidation of Fed's leadership threatens economic stability, Yellen says
Ex-prosecutor on DOJ’s Powell probe and Trump’s targeting of opponents
Tamara Keith and Amy Walter on pushback to Trump's threats to Federal Reserve
Literary Arts Fund created to rekindle a love for reading
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Investigation raises concerns about lack of FDA quality testing for generic drugs