US EditionIn US, Lagarde Warns vs Subverting Central Bank Independence
- Christine Lagarde, the President of the European Central Bank, warned that undermining a central bank's independence would trigger economic dysfunction, highlighting its critical importance in an interview.
- Donald Trump is pressuring the Federal Reserve to lower interest rates, impacting overall economic conditions since returning to power in January.
- Lagarde emphasized that central bank independence is critically important to avoid dysfunction, citing her experience at the International Monetary Fund.
- Trump has targeted Fed board governor Lisa Cook, calling for her resignation over accusations of document falsification regarding a mortgage.
19 Articles
19 Articles
The US central bank is currently under the heavy fire of the Trump administration, which publicly criticizes its decisions and its leaders, which is never before seen. But the institution, born as a result of successive crises, has seen others.
The president of the European Central Bank, Christine Lagarde, has not wanted to leave the United States without launching a message of support to her counterpart of the Federal Reserve, Jerome Powell, who has become a target of Donald Trump's diatribes for months for not lowering interest rates.
Donald Trump tries to step up the US Federal Reserve (Fed), in order to have his hands free to shape his monetary policy
In US, Lagarde warns vs subverting central bank independence
WASHINGTON, United States – Undermining a central bank’s independence would trigger economic dysfunction, the European Central Bank’s president warned in remarks in the United States, where President Donald Trump is seeking to shape monetary policy. Such independence is “critically important,” Christine Lagarde said in an interview broadcast Sunday on Fox, a network popular with conservatives
ECB President Lagarde warned against interference with central bank independence in the face of US President Trump's attacks on US Federal Reserve Fed. This independence is crucial, said the President of the European Central Bank.
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