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Amanpour

Trump vs. The Fed

Amanpour

CNN

News

4.11K Ratings

🗓️ 13 May 2026

⏱️ 55 minutes

🧾️ Download transcript

Summary

Kevin Warsh, set to take over as fed chair this week, vowed in his confirmation hearing that he would be independent of the White House. For more than a year, outgoing chair Jerome Powell, himself a Trump pick, has faced relentless criticism and legal targeting by this administration. And this unprecedent pressure campaign is the subject of a new "Frontline" documentary, "The President vs. The Fed." The doc's director, James Jacoby, joins the show from New York.  Also on today's show: Dr. Paul Offit, Director of the Vaccine Education Center, Children's Hospital of Philadelphia; Tyler Pager, White House Correspondent, The New York Times    Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hello everyone and welcome to Ammanpur. Here's what's coming up.

0:08.0

Inflation surging, energy prices spiking and President Trump demanding interest rate cuts.

0:15.0

As Kevin Warsh prepares to take over the Fed, can he stay independent?

0:20.0

I speak with journalist and director of the frontline documentary,

0:24.6

the President versus the Fed, James Jacoby.

0:27.6

Then...

0:28.6

I work for the American people and I stand by the scientists at the FDA.

0:31.6

Turmoy inside America's health agencies.

0:34.6

His public trust and science under threat,

0:36.6

vaccine expert Dr. Paul Offutt joins me.

0:39.8

Plus, this really is the craziest of stories about a Russian shadow fleet ship that sank off

0:45.2

the coast here in the strangest of circumstances. We have an investigation into what may have been

0:50.7

on board, also ahead. One of the things to remember about Trump is his rhetoric about China, we've seen on the

0:58.6

presidential campaign trial, has not always matched his policy approach.

1:02.8

President Trump arrives for a high-stakes meeting with Chinese leader Xi Jinping.

1:07.7

New York Times White House correspondent Tyler Pageer speaks to Walter Isaacson about the pressure looming over this historic trip. A warm welcome to the program, everyone. I'm Paul Newton in New York, sitting in for

1:36.2

Khrushan Ampur. President Trump is in China, landing in Beijing for a high-stakes summit and

1:42.2

the first visit by a U.S. President in nearly nine years.

1:46.5

Now, he's joined by a delegation of high-profile business leaders that includes Apple's Tim Cook

1:51.8

and NVIDIA's Jason Wang. Both governments appear to be seeking economic opportunity from this summit,

1:57.9

but back home, the economic headlines should be increasingly worrying for this

2:02.9

president. Inflation is surging, energy costs are getting higher and higher, and that's thanks to the

...

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