Transcript
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The Dispatch Podcast is presented by Pacific Legal foundation, suing the government since 1973. Welcome to the Dispatch Podcast. I'm Steve Hayes. On today's roundtable, we'll discuss the newly announced investigation into Federal Reserve Chairman Jerome Powell. We'll also look back at the Minnesota shooting, discuss the Iran protests and not worth your time. Spend a moment on the national championship for college football. Stick around for my discussion with Valerie Pavalonis, our ideas editor, about the launch of Dispatch Culture newsletter.
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Joining me today for the roundtable are James Sutton, John McCormick and Michael Warren, all Dispatch colleagues. Welcome everyone. I want to start today by taking, if I can, a big picture look at the kinds of things that have been happening in the country and in the world over the past couple of weeks. And I'm going to borrow for the domestic part of this from our old friend Irwin Stelzer, who writes a terrific newsletter and he starts his newsletter this way. It's been a busy week for the President as he overcame his reluctance to interfere in capitalism's market system. He decided that $50 per barrel is the right price for crude oil and will use his control of Venezuela's oil industry to drive prices down. He decided that 10% is the most Americans should be forced to pay on their credit card. He decided that private companies should not be allowed to buy homes for rentals. He decided that banks are charging too much for mortgage loans and ordered Fannie and Freddie to buy 200 billion in mortgage bonds. And on and on it goes. That's what the President has done on the domestic side of things. Overseas, we have conducted strikes in Nigeria and Syria. We have removed the leader of Venezuela. The President has threatened kinetic action in Iran, Mexico, Colombia. I'm undoubtedly forgetting some other hotspots. He has repeated his threats to take over Greenland, refusing again to rule out military force and doing so, and sort of shrugged his shoulders at the possibility that NATO might react negatively or even go away. And then in news that broke late Sunday, we're recording this about 10:30 Monday, January 12th, we learned that the Department of Justice is investigating Fed Chairman Jerome Powell related to renovations, theoretically related to renovations at the Federal Reserve and alleged cost discrepancies and discrepancies in testimony that Powell has given. But I thought it was worth laying out in that kind of a way the number of massive stories that we have been dealing with here in these first couple weeks of 2026. So I'm very glad to have James, Mike and John help us try to make sense of this. And look, as, as I've said, as I say to you and to everybody else on staff, we'll make sense of what we can. And when we can't make sense of the events, we'll just tell people we can't make sense of this. More reporting to come. Gentlemen, welcome. Glad to have you this morning.
