Jerome Powell faces DOJ criminal probe; Trump says Iran wants to negotiate

The federal government has opened a criminal investigation into Federal Reserve Chair Jerome Powell, but he says it’s retaliation for refusing to cut interest rates. Plus, as deadly protests spread across Iran, President Donald Trump says the Iranian leadership has reached out to negotiate. But he’s also warning that the U.S. could act before any meeting takes place. And Homeland Security Secretary Kristi Noem doubles down on her claim that the deadly ICE-involved shooting in Minneapolis was justified after new video shows the officer’s perspective. These stories and more highlight your Unbiased Updates for Monday, January 12, 2026.