Can the Federal Reserve Retain Its Independence in the Trump Era?

The Federal Reserve Board begins this week with a new chair, Trump appointee Kevin Warsh. The Fed is a nonpartisan government body tasked with setting interest rates and controlling inflation, but since the start of Trump’s second term, former Fed chair Jerome Powell endured enormous pressure from the president, including a federal investigation against him, which has since been dropped. Can we trust our central bank to retain the independence that has made the U.S. the center of the globe’s financial system? We talk with the makers of a new Frontline documentary, “The President vs. The Fed.” Guests: James Jacoby, director, "The President vs. The Fed;" Jacoby has won an Emmy award for his previous film "Amazon Empire," and a Peabody award for his film "The Facebook Dilemma" Anya Bourg, producer, "The President vs. The Fed;" previous films include "The Facebook Dilemma" Learn more about your ad choices. Visit megaphone.fm/adchoices