Political interference in central banks risks economic harm, ECB president warns
The comments by Christine Lagarde are seen as a veiled warning to Donald Trump, who demanded the Federal Reserve lower interest rates ‘immediately’Political interference in central bank policymaking could harm plans to bring down inflation, the head of the European Central Bank (ECB) has said.In a veiled warning to Donald Trump, after the US president last week demanded the Federal Reserve “immediately” lower interest rates, ECB president Christine Lagarde said meddling by politicians could lead to greater economic volatility and sharply rising prices. Continue reading...
The comments by Christine Lagarde are seen as a veiled warning to Donald Trump, who demanded the Federal Reserve lower interest rates ‘immediately’
Political interference in central bank policymaking could harm plans to bring down inflation, the head of the European Central Bank (ECB) has said.
In a veiled warning to Donald Trump, after the US president last week demanded the Federal Reserve “immediately” lower interest rates, ECB president Christine Lagarde said meddling by politicians could lead to greater economic volatility and sharply rising prices. Continue reading...
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