Minnesota, Nobel medal, Powell and remote-controlled tanks
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What is the main topic discussed in this episode?
Hi, I'm Kim Vennell in Whanganui, New Zealand. It's Friday, January 16th. Today, Trump threatens to use the Insurrection Act in Minnesota. Machado hands over her Nobel Peace Prize medal to Trump. The Fed's Powell might have an ace up his sleeve when his term ends.
What is Trump's threat regarding the Insurrection Act in Minnesota?
And the Detroit auto show reveals a new gamified army tank. This is Reuters World News, bringing you everything you need to know from the front lines in 10 minutes, seven days a week. President Donald Trump is threatening to invoke the Insurrection Act in order to deploy military forces in Minnesota. It follows days of sometimes peaceful, sometimes violent protests there.
You don't protect the people!
In Minneapolis, demonstrators confronted ICE agents.
Why did Maria Corina Machado present her Nobel Peace Prize medal to Trump?
Elsewhere, protesters hurled rocks, ice and fireworks, clashing with law enforcement agents who fired tear gas late into the night. Protests escalated after federal agents shot a Venezuelan man in the leg as he tried to flee detention. That followed the fatal shooting of Rene Good, a U.S. citizen, last week. Our photographer Leah Millis has covered protests and civil unrest across the country for years and is on the ground in Minneapolis.
What challenges does Jerome Powell face as his term ends?
We caught up with her in her car yesterday to get a sense of the situation on the ground following Wednesday night's shooting.
When I showed up, there was an incredible amount of tear gas and flashbangs and angry neighbors who were coming out of their homes because there was clouds of chemical irritants, this gas floating around. And then he did have some people who were showing up to protest who were just yelling at people. the federal officers. So I would say that what I'm seeing is just a very volatile, unpredictable situation.
How is the new U.S. Army tank designed for the gaming generation?
I presented the president of the United States the medal of the Nobel Peace Prize.
Venezuelan opposition leader Maria Corina Machado telling reporters she gave her Nobel Peace Prize medal to President Trump at their meeting at the White House. A White House official has confirmed that Trump intends to keep the medal. Trump on social media called it a wonderful gesture of mutual respect. Now, there's been a lot of talk about who is going to replace Jerome Powell as chair of the Federal Reserve, but less has been said about what Powell will do once his term as chair ends in May. You see, Powell's separate seat as a Fed governor doesn't expire for two more years, and the recent threat of a criminal indictment by the Department of Justice may have changed his calculus. Our Fed reporter Howard Schneider has been looking into it and what it would mean if Powell decides to stick around.
Usually when the chair turns over, when the four-year term ends, unless they're reappointed, which Powell will not be in this case, the chair also clears out of their board seat. It's kind of in the spirit of democratic transition. And you know what? They get to pick a chair. The new president gets to pick a chair. No reason for me to hang around. It's worked that way since the 1950s. But this has not been a normal relationship. And what happened over the weekend, last Friday in particular, with the Fed being subpoenaed, has kind of raised the stakes all around. And folks who are sort of thinking through the possibilities now here are wondering, well, is he going to walk away from this under a cloud?
Is he going to walk away from this institution if he thinks this is how the president is going to treat other governors, other Fed chairs, you know, with the threat of the criminal justice system kind of intervening at any point if they don't like the outcomes they're getting. That's a pretty compelling situation to say you're going to retire as much as you might want to at age 72 and pursue your post-retirement passions, be with your family, plenty of options, right? Or do you stay in that governor's job and fight? And the thing is, right now, that board's pretty split.
What are the implications of the protests in Minnesota?
And Powell has never said publicly what he's going to do. When he's asked about it, he says, I'm worried about my job as chair and serving that term out and not tipping his hand at all.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–0:21
2
What is Trump's threat regarding the Insurrection Act in Minnesota?
0:21–1:04
3
Why did Maria Corina Machado present her Nobel Peace Prize medal to Trump?
1:04–1:33
4
What challenges does Jerome Powell face as his term ends?
1:33–2:10
5
How is the new U.S. Army tank designed for the gaming generation?
2:10–4:27
6
What are the implications of the protests in Minnesota?
4:27–10:17
Speakers
6 identifiedMore from Reuters World News
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