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Credit Card Crunch… And Trump’s Powell Probe 1/12/26

43 min•12 januari 2026

Credit card stocks sinking as President Trump calls for a interest rate cap. The details on his plan, how it’s hitting the big banks, and the odds a credit card cap could come to fruition. Plus President Trump’s Powell probe, as the DOJ launches a criminal investigation into the Fed Chair. The renovations coming under scrutiny, and what the probe means for the future of Fed independence. 

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