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A new documentary from Frontline PBS, called “The President vs. the Fed”, helps us make sense of the unprecedented power struggle between the world’s most powerful politician and the world’s most powerful bank. You can watch the film, directed by Frontline Correspondent James Jacoby, on Frontline’s website, YouTube channel, or the PBS app. Fact checking by Sierra Juarez.Your Next Listen — Trump’s unprecedented attack on the Fed— One Fed battle after anotherConnect with The Indicator — Sign up for the Indicator’s brand new newsletter— Find our socials, newsletter, YouTube and more!— For sponsor-free episodes, subscribe to PlanetMoney+ See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

NATO was formed after World War 2 as a collective security alliance that would prevent future world wars. But President Trump sees NATO more like a transaction between countries where allies have to pay up or be left undefended. On today’s episode: How NATO is actually funded, why this longstanding alliance is under strain, and how the U.S. could pay the cost for these frayed relationships.Fact checking by Sierra Juarez.Your Next Listen— Europe's NATO members take an economic hitConnect with The Indicator — Sign up for the Indicator’s brand new newsletter — Find our socials, newsletter, YouTube and more!— For sponsor-free episodes, subscribe to PlanetMoney+ See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy

It’s the Wild West of online betting. Prediction markets have been plagued by insider trading allegations, ethical questions and even national security concerns. Today on the show, what are sites like Polymarket doing to self-police, and what other regulations might be necessary? We talk to one U.S. senator with some ideas. The Indicator has a weekly newsletter! Sign up now: npr.org/indicatornewsletter Related:  Is anyone gonna do anything about these Iran War trades?  Do prediction market bettors make anything better?  Polymarket bots, lithium found: lots!, marathon shoe thoughts  For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy