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What Trump's fight with Powell could mean for the Fed's future

President Trump has been trying to bully the Federal Reserve into cutting interest rates. It's a gambit that could lead to more inflation.

Copyright 2026 NPR

Henry Larson
Juana Summers is a political correspondent for NPR covering race, justice and politics. She has covered politics since 2010 for publications including Politico, CNN and The Associated Press. She got her start in public radio at KBIA in Columbia, Mo., and also previously covered Congress for NPR.
John Ketchum
John Ketchum is a senior editor for All Things Considered. Before coming to NPR, he worked at the New York Times where he was a staff editor for The Daily. Before joining the New York Times, he worked at The American Journalism Project, where he launched local newsrooms in communities across the country.