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Trump v The US Federal Reserve

Kevin Warsh takes over at the US Fed this week and risks provoking President Trump if interest rates remain high. Can he preserve the central bank's reputation for independence?

How will President Trump get on with Kevin Warsh, who is starting out as the Chair of the Federal Reserve, 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

(Photo: 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)

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19 minutes

Last on

Wed 20 May 2026 14:32GMT
BBC World Service

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  • Wed 20 May 2026 07:32GMT
    BBC World Service
  • Wed 20 May 2026 14:32GMT
    BBC World Service

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