Criminal Probe Into Fed Chair Powell, Homan's Warning on ICE, MN Fraud Admissions: AM Update 1/12 - The Megyn Kelly Show Recap
Podcast: The Megyn Kelly Show
Published: 2026-01-12
Duration: 23 minutes
Summary
Federal Reserve Chairman Jerome Powell is under criminal investigation by the DOJ over misleading Congress. Tensions rise in Minneapolis following an ICE-related shooting, and concerns about fraud in Minnesota are addressed by local officials.
What Happened
Federal Reserve Chairman Jerome Powell is under a criminal investigation by the DOJ for allegedly misleading Congress about the costs associated with the Federal Reserve's headquarters renovation. The renovation's projected costs have significantly increased from the initial $1.7 billion to $2.5 billion. Powell claims this investigation is a pretext due to his disputes with President Trump over interest rates, asserting the Fed's independence is at stake.
In Minneapolis, tensions have escalated following the fatal shooting of a woman by an ICE agent. The woman allegedly accelerated her SUV towards the agent, who then shot in self-defense. This incident has sparked significant public outcry and protests, with local officials and Congresswoman Ilhan Omar criticizing ICE's operations and the Trump administration's handling of immigration enforcement.
Minneapolis Mayor Jacob Frey admits to a significant fraud issue within the city, as federal authorities investigate a benefits-fraud network. Mayor Frey acknowledges that more could have been done to prevent the fraud. Meanwhile, the Trump administration has implemented measures to curb fraud, including deferring funding for specific programs pending review.
U.S. foreign policy is heating up with airstrikes against ISIS in Syria and potential military actions in Iran. President Trump has stated that the U.S. is ready to assist Iranian protesters against their government. Additionally, Trump is exploring the controversial acquisition of Greenland, citing national security concerns and the strategic importance of the Arctic.
In college football, the championship is set, with the Indiana Hoosiers facing the Miami Hurricanes. Indiana's star quarterback, Fernando Mendoza, known for his faith-driven approach, leads the team. The Hoosiers are one game away from an undefeated season, with Mendoza attributing their success to the principles of Stoicism and delayed gratification.
Miami's dramatic victory over Ole Miss secured their spot in the championship, with quarterback Carson Beck's last-minute touchdown sealing the win. The national title game promises to be a thrilling matchup, highlighting the contrasting styles and philosophies of the two teams.
Key Insights
- The Department of Justice is investigating Federal Reserve Chairman Jerome Powell for allegedly misleading Congress about the renovation costs of the Fed's headquarters, which have escalated from $1.7 billion to $2.5 billion.
- A fatal incident involving an ICE agent in Minneapolis has intensified public protests and criticism from local officials and Congresswoman Ilhan Omar, following the shooting of a woman who allegedly drove her SUV towards the agent.
- Minneapolis Mayor Jacob Frey has acknowledged a significant benefits-fraud network under investigation by federal authorities, admitting that more preventative measures could have been implemented.
- The Indiana Hoosiers, led by quarterback Fernando Mendoza, are one game away from an undefeated season and will face the Miami Hurricanes in the college football championship, with Mendoza attributing their success to Stoicism and delayed gratification.