Charles Payne Show January 12, 2026

Summary

Charles Payne interviews Joseph Wang about Jerome Powell's reported refusal to leave the Fed and President Trump's broader push to reshape the central bank. Wang argues the Fed has become more powerful and less accountable, says central-bank independence is not sacred, and expects Trump's re-industrialization agenda and low-rate preferences to prevail over Powell's resistance. No specific securities or trades are recommended.

• Powell reportedly refuses to leave; reactions are partisan.
• Wang says the Fed has grown more powerful and opaque.
• He argues central-bank independence is a recent, not sacred, concept.
• Wang cites the UK, France, and China as economies without independent central banks.
• Trump's re-industrialization/reshoring agenda requires lower rates.
• Wang expects the president to prevail over Powell.
• No specific investable securities or trade expressions are named.