The Wall Street Journal

Threats to Fed Independence Are ‘Very Worrying,’ ECB’s Lagarde Says

The comments come after Trump moved last month to fire Fed Gov. Lisa Cook

It would be very worrying if Trump succeeded in his efforts to take control of the U.S. central bank, Lagarde told France’s Radio Classique on Monday.
It would be very worrying if Trump succeeded in his efforts to take control of the U.S. central bank, Lagarde told France’s Radio Classique on Monday. Photo: kirill kudryavtsev/Agence France-Presse/Getty Images

A potential loss of independence at the U.S. Federal Reserve could have serious consequences for both the U.S. and the wider global economy, the eurozone’s top central banker Christine Lagarde warned.

It would be “very worrying” if President Trump succeeded in his efforts to take control of the U.S. central bank, Lagarde told France’s Radio Classique on Monday.

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