
"The President vs. the Fed" - Preview
Preview: Season 2026 Episode 5 | 30sVideo has Closed Captions
President Trump’s unprecedented challenges to the Federal Reserve and what it means for the economy.
President Trump’s unprecedented challenges to the Federal Reserve — and what it means for the economy. FRONTLINE traces the battle between Trump and the Fed as the central bank steers the economy through an increasingly precarious moment.
Problems playing video? | Closed Captioning Feedback
Problems playing video? | Closed Captioning Feedback
Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting. Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding...

"The President vs. the Fed" - Preview
Preview: Season 2026 Episode 5 | 30sVideo has Closed Captions
President Trump’s unprecedented challenges to the Federal Reserve — and what it means for the economy. FRONTLINE traces the battle between Trump and the Fed as the central bank steers the economy through an increasingly precarious moment.
Problems playing video? | Closed Captioning Feedback
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Learn Moreabout PBS online sponsorship>> Economically, this is the most important fight of the second Trump administration.
>> If I want him out, he’ll be out of there real fast.
>> This agency feels it is not under any obligation to be accountable.
>> JAMES JACOBY: You think that this is all part of an effort to get his hands on this powerful economic lever?
>> I think he’s been very clear about that.
>> It’s not just a struggle between President Trump and Chair Powell.
It’s a struggle over the future design of the federal government.

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Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting. Major funding for FRONTLINE is provided by the Ford Foundation. Additional funding...