Is the White House at war with the Federal Reserve?

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  I'm Helena Merriman, and in a new BBC series,

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  I'm talking to the reporters who first covered this story.

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  The History Bureau, Putin and the apartment bombs.

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• 00:42

  You've been served.

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  The war between the White House and the Fed is heating up.

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  He's going to continue to focus on making sure that the Fed is making its policy decisions on behalf of the public.

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  They were very slow to see the inflation build up during the pandemic and we are still paying the price for some of that.

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  Welcome to World Business Report from the BBC World Service.

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  I'm Sam Fennick as Prosecutor's Issue subpoenas for FedChed Rome Power will be looking at what it means for the independence of the world's most important central bank.

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  And what happens when the oil flow stops?

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  Cuba may soon find out, Venezuela is its main supplier,

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  but since Maduro was captured, shipments have stopped.

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  So let's start with the Federal Reserve and take you back to 2017.

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  It is my pleasure and my honor to announce my nomination of Jerome Powell to be the next Chairman of the Federal Reserve.

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  Congratulations, Jay.

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  In November of that year,

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  Donald Trump backed Jerome Powell as chair of the United States Federal Reserve and three months later he was sworn in.

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