The Daily

Trump’s D.O.J. Went After the Fed. It Backfired.

January 15, 2026·28 min·4-min readconversationalnews
Podzilla Summary (4 min)
TLDR
The Trump administration initiated a criminal investigation into Federal Reserve Chair Jerome Powell over cost overruns in a headquarters renovation, widely seen as a politically motivated effort to pressure Powell into lowering interest rates. The move backfired, triggering bipartisan ba

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Mentions

Books, people, and resources mentioned in this episode.

People

Jerome PowellDonald TrumpJanine PirroBill PulteTom TillisLarry KudlowScott Bessent

Books

The Idiotby M. Gessen

Companies

Federal Reserve

Topics

Breaking NewsCongressCriminal JusticeEconomicsFederal ReserveForeign PolicyPolitical NewsUs Politics

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