The Playbook Podcast

The Justice Department’s investigation into Fed Chair Jerome Powell is still sending shockwaves through Washington and beyond. As President Donald Trump prepares to deliver a speech on the economy Tuesday, the headlines are still being dominated by Powell. Scores of Republicans are denouncing the move, and some inside the White House are concerned the push to target Powell is distracting from other issues the administration would rather focus on. Playbook’s Jack Blanchard and White House Bureau Chief Dasha Burns discuss how the fallout is threatening Trump’s agenda.

Jerome Powell is the latest target of President Donald Trump’s Justice Department. The Federal Reserve chair confirmed that DOJ has opened a criminal investigation into his statements to Congress regarding Fed HQ renovations, marking the latest and sharpest escalation of Trump’s monthslong crusade against Powell. Though Trump denied having knowledge of the investigation, he has long pushed Powell to cut interest rates. Playbook’s Jack Blanchard and White House Bureau Chief Dasha Burns discuss the ramifications of the inquiry into Powell.

Affordability was supposed to be the primary focus of 2026 as Republicans try to shore up voter support ahead of the midterms. Instead, nearly every day this year has been dominated by headlines surrounding President Donald Trump’s extraordinary intervention in Venezuela. Whether the Trump administration can successfully tell voters why they should care about the Venezuela action could go a long way in defining the success of the operation. White House reporters Megan Messerly and Myah Ward discuss what it will take for Trump to drive his message home.

The Trump administration is pushing forward with its oil-driven agenda in Venezuela. President Donald Trump is set to welcome oil industry executives to the White House later this week to talk about kickstarting production there again. Meanwhile, Trump appears to be easing up on some of the hardline stances he took against other countries in the wake of the shock military action to capture Nicolás Maduro in Venezuela over the weekend. The president seems to be easing his position on Colombia and Greenland after members of Congress expressed concern. Playbook’s Jack Blanchard and White House Bureau Chief Dasha Burns discuss the shift. Plus, Congress is finally eyeing a vote on the now-expired Obamacare subsidies.

President Donald Trump touted on Tuesday night that Venezuela’s interim government would turn over billions of dollars worth of oil to the U.S., just days after Nicolás Maduro was toppled. The U.S. plans to sell the oil at market prices, Trump said, adding that he would personally control the proceeds. Meanwhile, administration officials are delivering a bipartisan briefing to senators on the Venezuela action today, which is certain to prompt plenty of reactions once it’s wrapped. Playbook’s Jack Blanchard and White House Bureau Chief Dasha Burns discuss the oil equation, plus what Trump really wants to do with Greenland.