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

Here is a 185-word summary of the news article: Federal Reserve Chair Jerome Powell revealed that the Department of Justice has served the Fed with grand jury subpoenas, threatening criminal charges related to his testimony on renovations at the central bank's headquarters. Powell described the move as part of the administration's pressure over interest rates, but President Trump denied any knowledge of the DOJ investigation. Meanwhile, the protests in Iran continue to intensify, with President Trump stating that the US is considering potential options in response to the violent crackdowns by Iranian authorities. Trump also claimed that Iran's leadership has reached out to seek talks, and a meeting is being arranged. The article notes that the Bloomberg Daybreak Europe program is providing live coverage from London, setting the agenda and providing insights for investors in Europe before trading begins. It also mentions that the program's guests include the founder of the Transatlantic Geopolitics and Technology Observatory, Alexander Zanzer, who likely provided commentary on the developing situations.