World Business Report - Fed Chair hits back at criminal investigation

Download Fed Chair hits back at criminal investigation

The Chair of the US Federal Bank Jerome Powell has released a statement in which he says a criminal investigation is about whether the bank can change interest rates based on what will serve the public rather than what the President wants. Donald Trump has denied he knows anything about the investigation which is focused on testimonies given to Congress last year on building work being carried out at the Fed's HQ.

Also we hear from a shopkeeper who's been protesting over economic conditions in Iran.

The X-owned AI platform Grok has been banned in Malaysia and Indonesia

And the boss of beer giant Heineken is stepping down as the Dutch based multi-national faces falling sales.

Presenter: Leanna Byrne
Editor: Justin Bones

Published on Monday, 12th January 2026.

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