Evening Wire: Powell Under Investigation & Trump Cuts Off Cuba | 1.12.26

From Morning Wire

Federal Reserve Chair Jerome Powell is under investigation by the Department of Justice for alleged discrepancies regarding expensive renovations at the Federal Reserve building, which he claims is an unprecedented threat to the institution's independence. Meanwhile, President Trump has announced that Cuba will no longer receive oil or financial support from Venezuela, urging the Cuban government to negotiate amidst the ongoing U.S. blockade against Venezuelan oil shipments.

Key Takeaways

  • A criminal probe into Jerome Powell highlights the precarious balance between monetary independence and political pressure.
  • Trump's oil blockade on Cuba could turn an economic squeeze into a geopolitical chess match — talk about collateral damage!
  • A U-Haul crashing a protest? Just another sign that public dissent can take unexpected twists — and turns.
  • America's potential response to Iran could range from online warfare to military strikes — the threshold for escalation is suddenly blurred.
  • Activists supercharging post-violence protests illustrates a volatile mix of passion and peril — lessons from the streets come at a cost.

Who is mentioned in this episode?

14 people come up, including Donald Trump, Jerome Powell, Bob Weir.

Mentioned in this episode