ECB President Christine Lagarde estimated today in an interview in the US, where President Donald Trump seeks to formulate monetary policy that it is dangerous to undermine the independence of central banks. “When a central bank ceases to be independent or when its independence is threatened, it becomes dysfunctional. He is starting to do things he should not do, “commented Christine Lagarde in an interview with Fox News, the channel preferred by the conservatives. “The next step is the confusion, the volatility, if not something worse,” added Lagarde, who participated in the annual Jackson Hall Symposium in Wyoming, along with her US federal bank counterpart (Fed), Jerome Paul. After returning to the White House in January, US President Donald Trump asks the Fed in every way to reduce interest rates as they affect the cost of borrowing and the course of the economy. Has launched a Powell undermining campaign, with […]
Source: News Beast
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