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How the Powell Probe Could Blow Up Trump’s Fed Plans | Trumponomics

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January 15, 2026

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Host Stephanie Flanders, Bloomberg’s head of government and economics, is joined by Anna Wong, chief US economist for Bloomberg Economics, and Bloomberg News senior Washington correspondent Saleha Mohsin to unpack the political backlash sparked by the Trump administration's criminal probe into Fed Chair Jerome Powell, including rare pushback from a few Republican lawmakers and Donald Trump’s own Treasury secretary. The discussion explores how the move, which Powell says is over monetary policy rather than building renovations, could backfire by hardening his resolve, complicating Trump’s plans to install a new Fed chair and his attempts to force interest rate cuts.

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Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

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How the Powell Probe Could Blow Up Trump’s Fed Plans

Guests & Subjects Covered

Host Stephanie Flanders BloombergsAnna WongBloomberg EconomicsBloomberg NewsSaleha MohsinFed Chair Jerome PowellDonald TrumpsDonald Trump

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How the Powell Probe Could Blow Up Trump’s Fed Plans | Trumponomics · Bloomberg Podcasts · Sentinel