US opens criminal investigation into Fed chair

12 January 2026 · 12m

FT News Briefing

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US federal prosecutors opened a criminal investigation into Federal Reserve Chair Jay Powell, and civil unrest continues to threaten the Islamic regime in Iran. Plus, earnings season kicks off this week with the bank results.

Mentioned in this podcast:

US prosecutors investigate Jay Powell over revamp of Fed headquarters

Iran warns US against intervention

Wall Street headed for best investment banking year since pandemic

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Note: The FT does not use generative AI to voice its podcasts

Today’s FT News Briefing was hosted by Victoria Craig, and produced by Julia Webster and Marc Filippino and Sonja Hutson. Our show was mixed by Alex Higgins. Additional help from Peter Barber. The FT’s executive producer is Topher Forhecz. The show’s theme music is by Metaphor Music.

Source: Federal Reserve, White House

Read a transcript of this episode on FT.com

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