US Edition
'Serious Danger' if Trump Controls Fed, Says Lagarde
Christine Lagarde warns that political control over US monetary policy poses significant risks to both the American and global economies amid ongoing legal disputes.
- Christine Lagarde said if the Fed was forced to respond to political diktats, it would have a "very worrying" impact on economic stability in the US and globally.
- Steps by US President Donald Trump to remove Federal Reserve Chairman Jerome Powell or Fed governor Lisa Cook would represent a "very serious danger for the US economy and the world economy", European Central Bank President Christine Lagarde has said.
- Ms Cook sued Trump and the Fed last Thursday, saying the Republican president's claim she engaged in mortgage fraud before she joined the central bank did not give him legal authority to remove her, and was a pretext to fire her for her monetary policy stance.
48 Articles
48 Articles
Kelly McParland: Trump hurls rocks at a glass Fed
A chart showing the value of Turkey’s currency against Canada’s resembles a very long, slow, but relentless slide down a steep hill. In 2015 a Canadian dollar was worth about 2.3 Turkish lira. Today it takes almost 30 lira to buy a loonie. According to currency exchange site XE.com, the dollar’s increase over that period totals more than 1200 per cent. Viewed from Ankara, of course, the opposite is true: an extended collapse comprising a series …
The president of the ECB accuses the tenant of the White House for the attacks on Powell (Fed): it is a serious danger if it takes control of the US central bank. However, it does not say that both the IMF and Frankfurt its line was in favor of the Franco-German axis.If Donald Trump were to take ...
Lagarde's Hypocrisy: ECB Vs Fed Autonomy
Lagarde's Hypocrisy: ECB Vs Fed Autonomy Submitted by Thomas Kolbe ECB President Christine Lagarde has warned the U.S. Federal Reserve not to lose its independence to politics. A transparent maneuver, considering the ECB has long since merged with Brussels into a political entity. In an interview with French radio station Classique, Lagarde cautioned that U.S. President Donald Trump is attempting to seize control over the Federal Reserve. She sa…
The head of the European Central Bank, Lagarde, has warned of President Trump's control of the US Federal Reserve Fed.
The interference of US President Donald Trump in the independence of the Federal Reserve is on the watch of the rest of the world’s central banks. Not because a wave of political interventionism is expected in monetary policy but because of the impact on the global economy of a Fed led by the White House, a scenario that for the President of the ECB, Christine Lagarde, would be “a very serious danger.” Continue reading
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