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Speaker 1: Wouldn't you say that they probably do it this way

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Speaker 1: after going through it for years with me being hit

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Speaker 1: salivaty out back Daddy, the red nuclear threat wept out,

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Speaker 1: don't you think? And then you just had Venezuela. Don't

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Speaker 1: you think? She says CNN, do you think they take

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Speaker 1: you a threat? Seriously? Wouldn't you say they do after

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Speaker 1: all of the things we have done? What a stupid question.

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Speaker 2: You're listening to the forty seven Morning Update with Ben ferguson.

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Speaker 3: Good Monday morning. Nice to have you with us on

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Speaker 3: the forty seven Morning Updating. We've got two major stories

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Speaker 3: for you. First up, anarchy and chaos in the streets

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Speaker 3: in Iran the present, making it clear as the depth

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Speaker 3: toll is rising that America may step in and we

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Speaker 3: also may have Israel get involved as well. So what

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Speaker 3: happens next? We've got it all for you in just

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Speaker 3: a moment. Also, in a shocking news event on Sunday night,

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Speaker 3: the FED Chair Jerome Powell says he's under criminal investigation

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Speaker 3: and also out an unprecedented video from the FED saying

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Speaker 3: he will not bow to the Trump administration and his intimidation.

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Speaker 3: It's the forty seven Morning update and it starts right now.

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Speaker 2: Story number one.

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Speaker 3: Anti government demonstrations have been ongoing now for more than

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Speaker 3: two weeks in Iran, driven by the economic hardship and

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Speaker 3: the opposition to the regime. There have been widespread classes

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Speaker 3: and heavy repression by security forces. President Donald Trump has

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Speaker 3: publicly expressed support for the people protesting in Iran. He

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Speaker 3: wrote that Iran is looking for freedom, perhaps like never before,

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Speaker 3: and said the US stands ready to help those seeking

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Speaker 3: that freedom. The Trump administration has signaled that it is

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Speaker 3: considering helping the protesters, including exploring a range of responses

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Speaker 3: from cyber options to military or diplomatic pressure to protect

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Speaker 3: the citizens and oppose the violent crackdown from the aetola.

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Speaker 3: Trump and his national security team, we also know, have

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Speaker 3: declared that Iran would pay hell, quote unquote and face

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Speaker 3: serious consequences if the regime violently suppresses the protesters. This

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Speaker 3: strong stance is meant to deter further brutality and also

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Speaker 3: show US resolve. Iran has also made it clear they're

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Speaker 3: wanting to silence information getting out of their country, shutting

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Speaker 3: down all landlines as well as the Internet. Now, in

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Speaker 3: response to President Trump's pointed in clear warnings about a crackdown.

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Speaker 3: Iran has reportedly shown some willingness were being told to

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Speaker 3: negotiate with the United States of America, indicating that the

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Speaker 3: pressure could be opening diplomatic avenues. But the reality is

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Speaker 3: we're now learning that people are dying in the streets.

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Speaker 3: The White House we also being told this hour has

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Speaker 3: been briefed on a very strong option or options related

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Speaker 3: to Iran, suggesting that the US is taking decisive steps

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Speaker 3: to protect human rights and respond robustly if the regime

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Speaker 3: crosses Trump's declared red line. This is being framed as

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Speaker 3: Trump actively considering how to best support freedom and respond

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Speaker 3: to the violence that is happening right now. Trump's leadership

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Speaker 3: on this issue has become a center part of his

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Speaker 3: international diplomacy and discussions. We saw this with Venezuela. We're

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Speaker 3: also seeing it now with Mexico and the cartels there well.

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Speaker 3: We also know as Iranian authorities have also reacted to

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Speaker 3: Trump's warnings, suggesting his statements are having a real impact

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Speaker 3: on how Tehran calculates its next moves. Now, while all

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Speaker 3: this is happening, we also know that Russia is now

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Speaker 3: involved with aircraft on the ground being reported in Tehran

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Speaker 3: at the airport on the military side of that airport,

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Speaker 3: waiting if they have to put the leadership into exile

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Speaker 3: and give them freedom in Russia. Now, Trump has publicly

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Speaker 3: said he supports the Iranian protesters who are seeking greater freedom.

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Speaker 3: He has issued forceful warnings against the crackdowns. And we

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Speaker 3: also know that Israel may be involved in attacks as well,

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Speaker 3: even going after the leadership. The administration is exploring concrete

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Speaker 3: action options and Donald Trump has made it clear he's

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Speaker 3: not bluffing now and the last public appearance that the

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Speaker 3: President has made talking about Iran, this is what he

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Speaker 3: had to say.

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Speaker 4: Are you following the protesting that is taking place all

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Speaker 4: over the country of Iran? And have you read that

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Speaker 4: the Ayatola Ali Kamani is now as a plan B

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Speaker 4: to go to Russia.

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Speaker 5: He's looking to go see you.

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Speaker 4: Believe you think the country is on the verge of collapsing, Well,

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Speaker 4: it could be. I mean, what they've done is they

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Speaker 4: start in the past, they've started shooting the hell out

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Speaker 4: of people, and all of a sudden, people without any

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Speaker 4: weapons whatsoever is standing there in your machine guns gunning

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Speaker 4: them down, or they take them to prisons and then

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Speaker 4: hang them.

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Speaker 5: And kill them. So they played rough and I said,

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Speaker 5: if they do that, we're going to hit them very hard. Well,

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Speaker 5: we're gonna hit them up. We're ready to do it.

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Speaker 5: If they do that, we're gonna hit them mart And

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Speaker 5: so far, for the most part, there's been some of it,

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Speaker 5: but for the most part they haven't. There have been

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Speaker 5: people killed, some of them. The crowds are so big

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Speaker 5: that some of them have had really like we're stomped

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Speaker 5: on them. Literally, it was. It was terrible. The crowds

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Speaker 5: are just they're massive. The enthusiasm to overturn that regime

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Speaker 5: is incredible. But there's been people killed, but it's more

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Speaker 5: from death by it's literally stomping. It's people running in

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Speaker 5: a certain direction. So we'll see what happens. We'll see

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Speaker 5: what happens over They know though, that it's a stampede.

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Speaker 5: Is I guess the best words they have, like a stampede.

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Speaker 5: You talk about stampede for cattle, but the people are

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Speaker 5: stampeding and you're losing a lot of people with the stampede.

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Speaker 5: There's so many there's so many people protesting. Nobody's ever

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Speaker 5: seen anything like what's happening right now. But I have

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Speaker 5: put Rano noticed that if they start shooting at them.

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Speaker 5: These people are totally unarmed people, and they love their country.

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Speaker 5: They want something to happen. Look at their country. They've gone,

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Speaker 5: They've gone back one hundred and fifty years. But I've

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Speaker 5: feld them that if they do anything bad to these people,

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Speaker 5: We're going to hit them very hard.

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Speaker 3: President Trump again warning around that if they start shooting

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Speaker 3: at the protesters, were going to hit them very hard.

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Speaker 3: We allso are learning that Israel has again said that

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Speaker 3: they may be willing to take out the leadership in Iran.

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Speaker 3: We know they took out the entire leadership of the

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Speaker 3: military not that long ago, but they did not hit

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Speaker 3: the civilian part of the government. That would include the Ayatola.

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Speaker 3: Now apparently that is absolutely on the table. So at

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Speaker 3: this hour, what we know, and this could change very quickly,

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Speaker 3: is that there are Russian planes on the tarmac spun

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Speaker 3: up in Tehran, on the military side of the airport,

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Speaker 3: waiting to get out the leadership if in fact the

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Speaker 3: country falls. We also know at the very same time

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Speaker 3: the military is killing innocent people in the streets in Iran,

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Speaker 3: and we also been told that at least one city

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Speaker 3: has now officially overthrown the Iranian government and now it

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Speaker 3: is in the hands of the people. It is a

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Speaker 3: city by the border that is significant. So as we

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Speaker 3: move forward, much can change. But in the last couple

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Speaker 3: of hours there's one thing that seems to be clear.

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Speaker 3: There could either be incredible freedom in Iran or there

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Speaker 3: could be a significant loss of life, and that could

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Speaker 3: happen in the next few hours. The President is obviously

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Speaker 3: standing firm, making it clear he is not flinching, and

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Speaker 3: he's willing to take out those in leadership in Iran.

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Speaker 3: And there's a very good chance that a large part

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Speaker 3: of that plan could come at the hands of Israel.

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Speaker 3: Israel is more than willing to act the same way

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Speaker 3: they were heavily involved in taking out Iranian's leadership in

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Speaker 3: the military and helping us with taking out the Iran

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Speaker 3: nuclear sites. So this will play out quickly. One thing's

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Speaker 3: for sure, it's time that we all stand with the

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Speaker 3: people in Iran as they are standing up and risking,

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Speaker 3: and many of them are losing their lives for their freedom.

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Speaker 2: Now story number two, we.

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Speaker 3: Are now learning President Trump's administration has opened a criminal

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Speaker 3: pro into the FED chair Jerome Powell, the Central Bank

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Speaker 3: chair has condemned what he's describing as intimidation following grand

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Speaker 3: jury subpoenas. President Trump's administration opening the criminal investigation into

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Speaker 3: the Federal Reserve chairman in a development set to heighten

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Speaker 3: concerns about the quote independence of the US monetary policy.

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Speaker 3: That is, how the left in the media are spending

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Speaker 3: it already. Powell said on Sunday that the Central Bank

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Speaker 3: has been served with grand jury subpoenas related to his

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Speaker 3: own testimony about the renovations to the Fed's headquarters in Washington,

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Speaker 3: d c. Quote. The threat of criminal charges is a

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Speaker 3: consequence of the Federal Reserve setting interest rates based on

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Speaker 3: our best assessment of what will serve the public, rather

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Speaker 3: than following the preferences of the President, Powell said in

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Speaker 3: a rare video message. He said, this is about whether

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Speaker 3: the FED will be able to continue to set interest

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Speaker 3: rates based on evidence and economic conditions, or whether instead

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Speaker 3: monetary policy will be directed by political pressure and intimidation.

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Speaker 3: That is again the FED Chairman's own words. Now the

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Speaker 3: federal prosecutors opening the criminal investigation confirming it Sunday evening

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Speaker 3: as well, Powell said that the probe was the result

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Speaker 3: of just what he said basically a political attack on him.

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Speaker 3: Powell said that on Friday, the Department of Justice served

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Speaker 3: the Federal Reserve with the grand jury subpoenas threatening the

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Speaker 3: criminal indictment related to my testimony. In fact, here is

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Speaker 3: Jerome Powell in his own words in a shocking video

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Speaker 3: he released on Friday.

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Speaker 6: The Department of Justice served the Federal Reserve with grand

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Speaker 6: jury subpoenas threatening a criminal indictment related to my testimony

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Speaker 6: before the Senate Banking Committee last June. That testimony concerned,

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Speaker 6: in part, a multi year project to renovate historic Federal

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Speaker 6: Reserve office buildings. I have deep respect for the rule

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Speaker 6: of law and for accountability in our democracy. No one,

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Speaker 6: certainly not the Chair of the Federal Reserve, is above

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Speaker 6: the law. But this unprecedented action should be seen in

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Speaker 6: the broader context of the administration's threats and ongoing pressure.

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Speaker 6: This new threat is not about my testimony last June,

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Speaker 6: or about the renovation of the Federal Reserve buildings. It

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Speaker 6: is not about Congress's oversight rule. The Fed, through testimony

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Speaker 6: and other public disclosures, made every effort to keep Congress

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Speaker 6: informed about the renovation project. Those are pretexts the threat

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Speaker 6: of criminal charges is a consequence of the Federal Reserve

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Speaker 6: setting interest rates based on our best assessment of what

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Speaker 6: will serve the public, rather than following the preferences of

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Speaker 6: the President. This is about whether the Fed will be

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Speaker 6: able to continue to set interest rates based on evidence

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Speaker 6: and economic conditions, or whether instead monetary policy will be

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Speaker 6: directed by political pressure or intimidation. I have served at

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Speaker 6: the Federal Reserve under four administrations, Republicans and Democrats alike.

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Speaker 6: In every case, I have carried out my duties without

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Speaker 6: political fear or favor, focused solely on our mandate of

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Speaker 6: price stability and maximum employment. Public service sometimes requires standing

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Speaker 6: firm in the face of threats. I will continue to

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Speaker 6: do the job the Senate confirmed me to do with

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Speaker 6: integrity and a commitment to serving the American people.

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Speaker 5: Thank you.

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Speaker 3: It is a shocking move for the Federal Reserve to

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Speaker 3: put out a video like this. A person familiar with

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Speaker 3: the investigation also telling CNBC that they would not dispute

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Speaker 3: the idea that the probe of power is related to

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Speaker 3: the building renovation and tech, similar to Congress saying quote,

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Speaker 3: I have deep respect for the rule of law and

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Speaker 3: for accountability in our democracy. But as you heard again,

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Speaker 3: Pal say, no one, certainly not the Chair of the

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Speaker 3: Federal Reserves above the law. But this unprecedent action should

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Speaker 3: be seen in the broader context of the administration's threat

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Speaker 3: and ongoing pressure. No one, certainly not the chair of

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Speaker 3: the Federal Reserves above the law. Saying it not once,

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Speaker 3: but you heard there twice, and he says that this

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Speaker 3: is a new threat. Now. The New York Times was

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Speaker 3: the first to report the probe, citing officials briefed on

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Speaker 3: the matter. The investigation is also being overseen by the

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Speaker 3: US Attorney's Office for the District of Columbia. According to

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Speaker 3: the newspaper, the office is led by the US Attorney

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Speaker 3: you know, hers, Judge Jannine, a former New York State

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Speaker 3: prosecutor former Fox News host who was appointed to that

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Speaker 3: job by President Donald Trump. Trump has repeatedly blasted Powell

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Speaker 3: for the FED nine cutting interest rates as much and

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Speaker 3: as quickly as the president has demanded since the White

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Speaker 3: House in January of twenty twenty five. The White House,

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Speaker 3: by the way, not commenting at this moment, referring questions

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Speaker 3: about the probe to the Department of Justice. But if

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Speaker 3: you look at the investigation. It does actually just seem

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Speaker 3: to be about one thing. Did Powell lie to Congress

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Speaker 3: about the renovations which became a flash point of the

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Speaker 3: Federal Reserve building and those ongoing well renovations that the

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Speaker 3: President has criticized. A DOJ spokesperson in a statement to

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Speaker 3: c NBC, without saying the comment was about Powell said quote,

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Speaker 3: the Attorney General has instructed her US attorneys to prioritize

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Speaker 3: investigating any abuse of taxpayer dollars. So maybe to the media,

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Speaker 3: take a step back. Maybe the media you should look

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Speaker 3: at the facts, and maybe the media you should stop

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Speaker 3: jumping to conclusions and realize this maybe is not about

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Speaker 3: interest rates. But maybe his own testimony and what he

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Speaker 3: said to Congress will keep covering it. My bet is

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Speaker 3: the President's probably going to be right on this one yet.

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Speaker 2: Again, thank you for listening to the forty seven Morning

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Speaker 2: Update with Ben Ferguson. Please make sure you hit subscribe

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