Credit Card Crunch… And Trump’s Powell Probe 1/12/26
Credit card stocks sinking as President Trump calls for a interest rate cap. The details on his plan, how it’s hitting the big banks, and the odds a credit card cap could come to fruition. Plus President Trump’s Powell probe, as the DOJ launches a criminal investigation into the Fed Chair. The renovations coming under scrutiny, and what the probe means for the future of Fed independence. Fast Money Disclaimer
January 12, 2026
43 min
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2,040 of 2,139
January 12, 2026
Credit Card Crunch… And Trump’s Powell Probe 1/12/26
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CNBC Television Episodes Around January 12, 2026
Episode 2,040 of 2,139 — walk the feed in the order it was published.
Credit Card Crunch… And Trump’s Powell Probe 1/12/26
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Summary
Credit card stocks sinking as President Trump calls for a interest rate cap. The details on his plan, how it’s hitting the big banks, and the odds a credit card cap could come to fruition. Plus President Trump’s Powell probe, as the DOJ launches a criminal investigation into the Fed Chair. The renovations coming under scrutiny, and what the probe means for the future of Fed independence.
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