Powell Probe Sparks GOP Backlash | Balance of Power
January 12, 2026
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42:17Now PlayingPowell Probe Sparks GOP Backlash | Balance of Power
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President Donald Trump faced rare opposition from key Republican lawmakers after Federal Reserve Chair Jerome Powell accused the Department of Justice of launching a grand jury investigation to pressure and intimidate the central bank.
Senator Thom Tillis, a key Republican on the Banking Committee who isn’t running for reelection, vowed quickly Sunday night to oppose any Trump nominees to the Fed until the matter is resolved.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with:
Bloomberg Washington Correspondent Tyler Kendall.
Democratic Congresswoman Debbie Dingell.
Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Stanford University Hoover Institution Fellow Lanhee Chen.
Rapidan Energy Group President Bob McNally.
Bloomberg Economics Defense Geoeconomics Lead Becca Wasser.
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Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
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