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The President vs. the Fed

Premieres May 12, 2026

President Trump’s unprecedented challenges to the Federal Reserve — and what this moment means for the economy

The President vs. the Fed

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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.

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Funding for FRONTLINE is provided through the support of PBS viewers and by the Corporation for Public Broadcasting, with major support from Ford Foundation, and The Fialkow Family Foundation, as part of the Plum Bush Foundation. Additional funding is provided the Abrams Foundation, Park Foundation, John D. and Catherine T. MacArthur Foundation, Heising-Simons Foundation, and the FRONTLINE Trust, with major support from Jon and Jo Ann Hagler on behalf of the Jon L. Hagler Foundation, and Corey David Sauer, and additional support from Koo and Patricia Yuen. FRONTLINE is a registered trademark of WGBH Educational Foundation. Web Site Copyright ©1995-2025 WGBH Educational Foundation. PBS is a 501(c)(3) not-for-profit organization.