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Fox News Hourly Update

3AM ET 01/12/2026 Newscast

12 Jan 2026

Transcription

Chapter 1: What investigation is the Federal Reserve Chair currently facing?

3.052 - 18.478 Ted Lindner

The Federal Reserve Chair under investigation. I'm Ted Lindner, Fox News. The U.S. Attorney's Office for D.C. opening up a criminal investigation into Federal Reserve Chair Jerome Powell. He says they're looking into whether he was being honest about renovations on Fed headquarters in Washington. Fox's Jill Nadeau with the details.

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18.458 - 40.527 Jill Nadeau

President Trump has often demanded Fed Chair Jerome Powell lower interest rates, saying it'll pump up the U.S. economy. But Powell didn't do it right away due to concerns it could spur inflation. All this happened as the Fed headquarters were getting renovated. Powell testified to Congress about that, and now the DOJ is looking into whether he was forthcoming in that testimony.

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41.007 - 46.795 Jill Nadeau

Powell put out a video saying the investigation's really being done because he angered the president.

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46.775 - 59.096 Unknown

Public service sometimes requires standing firm in the face of threats. I will continue to do the job the Senate confirmed me to do with integrity and a commitment to serving the American people.

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59.156 - 65.627 Jill Nadeau

The Fed has recently cut interest rates by a small amount. In Washington, Jill Nadeau, Fox News.

65.995 - 73.342 Ted Lindner

The 83rd Annual Golden Globes Award Ceremony. Celebrating achievements within film and TV, Fox's Michelle Polino recaps it for us.

73.422 - 98.166 Michelle Polino

And the winner is One Battle After Another. Paul Thomas Anderson's One Battle After Another about the deep political battles in America took home four awards, including Best Picture, Musical, or Comedy. Hamnet won two, including Best Picture, Drama. At the 83rd Annual Golden Globes, while Timothee Chalamet grabbed the Best Actor trophy from Marty Supreme, acknowledging his previous losses.

98.246 - 103.916 Timothee Chalamet

I'd be lying if I didn't say those moments didn't make this moment that much sweeter. For my parents, for my partner, I love you. Thank you so much.

104.798 - 119.745 Michelle Polino

Golden Globes clips provided by Golden Globes LLC and Dick Clark Productions LLC. On the TV side, adolescents took home four Globes for limited series, The Pit and The Studio 2. Michelle Foligno, Fox. America's listening to Fox News.

Chapter 2: What updates can we expect from the Federal Reserve regarding interest rates?

250.241 - 252.906 Ted Lindner

I'm Ted Linder. This is Fox News.

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