Hello, and welcome to World Business Report from the BBC World Service.
I'm Roger Hearing, and on this edition, Donald Trump says he's sacked one of the Fed governors.
She says he doesn't have the authority to do it.
What will happen in this confrontation?
Also, India counts down to 50% tariffs on many of its exports to the US.
And we look at the South African movie industry.
But first, the standoff between Donald Trump and the US Federal Reserve has moved into a new phase.
He says he's fired one of the governors, Lisa Cook.
He accused her of making false statements on mortgage agreements.
She denies the allegations.
A statement by Ms Cook's lawyers says Mr Trump has no authority to sack her.
And now she says she's going to sue the president.
All this are the latest moves in the president's attempt to exert control over the US central bank.
Mr Trump's long call for the Fed, which is seen as independent of politics,
to slash interest rates, and has threatened to remove its chair, Jerome Powell.
Well, in the past few hours, the president was asked about Lisa Cook.
But now she seems to have had an infraction,
and she can't have an infraction, and especially that infraction,
because she's in charge of, if you think about it,
mortgages, and we need people that are 100% above board.