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Business Daily

Business Daily

Trump vs The US Federal Reserve

20 May 2026

19 minutes

Available for over a year

How will President Trump get on with Kevin Warsh, who's starting out as the Chair of the Federal Reserve this week, America's Central Bank? Trump famously clashed with his predecessor Jerome Powell. Can the US central bank remain truly independent from the government?

Presenter: Ed Butler

Producer: Josh Martin

(Picture: Kevin Warsh testifies during a Senate Banking Committee confirmation hearing at the US Capitol in Washington, DC, USA, 21 April 2026. Credit: WILL OLIVER/EPA/Shutterstock)