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Fed's Powell Served With DOJ Subpoenas & Iran Protests Intensify | Daybreak Europe 1/12/2026

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, Jerome Powell said the Fed was served grand jury subpoenas threatening criminal charges related to his testimony on renovations at the central bank headquarters. He described the move as part of the administration's pressure over interest rates. President Trump denied any knowledge of the DOJ investigation. Meanwhile, Trump says the US is looking at potential options in response to violent crackdowns in Iran. He also said Iran's leadership has reached out to seek talks and a meeting is being set up. Today's guests: Transatlantic Geopolitics and Technology Observatory Founder Alexander Zanzer. (Source: Bloomberg)