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PBS News Hour

Trump's attempt to control Fed board threatens independence

Season 2025 Episode 238 | 12m 27s

President Trump made it clear he is seeking more control of the Federal Reserve. He said he fired Fed Governor Lisa Cook from the bank's board, but she says she's not leaving and will take the administration to court. At stake is the balance of power on the nation's top bank, which could undermine its long-held independence. Amna Nawaz discussed more with Lael Brainard and David Wessel.

Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and Cunard Cruise Line. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
Extras
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PBS News Hour
Retired major general slams Trump's National Guard plans
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PBS News Hour
News Wrap: Israeli says it targeted Hamas in hospital strike
News Wrap: Israeli says it targeted Hamas camera in Gaza hospital strike
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PBS News Hour
Can Trump reinstate the death penalty in Washington, D.C.?
Can Trump legally reinstate the death penalty in Washington, D.C.?
Clip: S2025 E238 | 4:46
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PBS News Hour
Baltimore mayor responds to Trump's threats to send troops
Baltimore's mayor calls Trump's threats to send in troops 'political theater'
Clip: S2025 E238 | 7:14
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PBS News Hour
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California farms face pressure to boost efficiency as water supply declines
Clip: S2025 E238 | 8:08
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PBS News Hour
August 26, 2025 - PBS News Hour full episode
August 26, 2025 - PBS News Hour full episode
Episode: S2025 E238 | 57:46
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PBS News Hour
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East Coast vineyards threatened by invasive spotted lanternflies
Clip: S2025 E238 | 4:46
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PBS News Hour
A Brief But Spectacular take on the power of connection
A Brief But Spectacular take on the power of connection
Clip: S2025 E238 | 2:54
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PBS News Hour
August 25, 2025 - PBS News Hour full episode
August 25, 2025 - PBS News Hour full episode
Episode: S2025 E237 | 57:46
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PBS News Hour
Tamara Keith and Amy Walter on Newsom's fight against Trump
Tamara Keith and Amy Walter on whether Newsom's tactics against Trump are working
Clip: S2025 E237 | 9:55