Business Rundown: Fed Chair On Hot Seat, As Criminal Probe Rocks the Federal Reserve

Business Rundown: Fed Chair On Hot Seat, As Criminal Probe Rocks the Federal Reserve

In a video released Sunday evening, Federal Reserve Chair Jerome Powell announced that he is under investigation by the Justice Department over his testimony last year about the Fed’s building renovation project. Powell says the central bank has received grand jury subpoenas. He defended the renovations at the center of the criminal probe and denied any wrongdoing. He also claimed he is being targeted for not aligning with President Trump’s preference for cutting interest rates. The president, who has been a public critic of Powell and his policies, says he had no knowledge of the investigation. Critics say this places the administration under scrutiny. This bombshell comes just as President Trump says he is winding down his search for the next Federal Reserve chair. Gary Kaltbaum, the president of Kaltbaum Capital Management and a Fox Business contributor, joins FOX Business Network's Lydia to react to the news of the criminal probe and the buzz among investors as they wait to see who the next Fed chair may be. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Extra: Tristan Harris on the Dangers of Rogue AI

Extra: Tristan Harris on the Dangers of Rogue AI

Unreleased AI models escaping containment, hacking platforms, and stealing answers to their own tests? It's not science fiction—it's what OpenAI and Anthropic recently disclosed. On The FOX News Rund...

1 Elo 28min

From Washington: Blanche Blocked, Fauci Pleads the Fifth, and a Texas Toss-Up

From Washington: Blanche Blocked, Fauci Pleads the Fifth, and a Texas Toss-Up

Former NIAID Director Dr. Anthony Fauci faced an intense Senate hearing this week, invoking his Fifth Amendment rights more than 100 times during questioning on the COVID-19 pandemic. With Dr. Fauci n...

1 Elo 31min

Evening Edition: Teacher Burnout Effects More Than Just The Classroom

Evening Edition: Teacher Burnout Effects More Than Just The Classroom

Teacher burnout is often framed as an education issue, but growing research suggests the consequences ripple out to the fabric of society itself. It damages student learning, hurts school systems thro...

1 Elo 21min

Business Rundown: Will AI Take Your Job—or Change It?

Business Rundown: Will AI Take Your Job—or Change It?

Corporate AI spending continues to skyrocket, leaving workers across America wondering if the technology is coming for their jobs. Economist and London Business School Lecturer Rebecca Homkes joins FB...

31 Heinä 8min

Can Democrats Distance Themselves From the DSA?

Can Democrats Distance Themselves From the DSA?

The internal battle over the Democratic Party's political identity is heating up ahead of upcoming state primaries, highlighting tension between traditional establishment figures and a rising progress...

31 Heinä 35min

Evening Edition: Nancy Guthrie Missing Six Months, What Do We Know Now?

Evening Edition: Nancy Guthrie Missing Six Months, What Do We Know Now?

This weekend marks six months since Nancy Guthrie, the 84-year-old mother of 'Today' co-host Savannah Guthrie, disappeared from her Tucson, Arizona home. The Pima County Sheriff Chris Nanos says he's ...

30 Heinä 16min

Defying Midterm History: Scott Presler’s 4 Reasons the GOP Can Win

Defying Midterm History: Scott Presler’s 4 Reasons the GOP Can Win

Tensions are boiling over on Capitol Hill as Republicans try to fulfill President Trump's demand to force through the SAVE America Act before the August recess while battling midterm tailwinds. Early ...

30 Heinä 30min

Evening Edition: Dr. Fauci Refuses to Testify Over His Handling of COVID-19

Evening Edition: Dr. Fauci Refuses to Testify Over His Handling of COVID-19

Dr. Anthony Fauci invoked his Fifth Amendment right 111 times during a high-stakes Senate Homeland Security Committee hearing, chaired by Sen. Rand Paul, over his handling of the COVID-19 pandemic. Th...

29 Heinä 16min

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