The moment when the Donald Trump It seeks to shape monetary policy, “besieging” the US Federal Bank (FED), the ECB chief, Christine Lagarde He says that “it is dangerous to undermine the independence of central banks”.
In an interview with Fox News, the channel preferred by its conservatives Donald Trumpand which was transmitted to the US, the Christine Lagarde commented:
“When a central bank ceases to be independent or when its independence is threatened, it becomes dysfunctional. He starts doing things he shouldn’t do. “
“The next step is the confusion, the volatility, if not something worse”added Lagarde, who participated in his annual symposium Jackson Hallin Wyoming, along with her US federal bank counterpart, Jerome Powell.
After returning to the White House in January, the US president, Donald Trump He asks in every way by the Fed to reduce interest ratesas they affect the cost of borrowing and the course of the economy. He has launched a Powell undermining campaign in the hope that he will force him to leave his post prematurely. The term of office of the head of the Fed, appointed by Trump himself in his first four years, ends in the spring of 2026.
THE Jerome Powell He does not make the interest rates on his own and Trump seeks to replace other Fed members with persons who adopt his own vision for the economy. Last week she asked for her resignation Lizwhich Republicans accuse him of countering documents to receive a mortgage loan.