From the United States, Lagarde defends the independence of central banks

Washington (AWP/AFP) – It is dangerous to undermine the independence of central banks, said the president of the ECB in an interview broadcast on Sunday in the United States, where President Donald Trump seeks to shape monetary policy.

“When a central bank ceases to be independent, or when its independence is threatened, it becomes dysfunctional. Furthermore, It is starting to do things that it should not. Therefore, ” warned Christine Lagarde in an interview with Fox News, the favorite channel of conservatives in the United States.

“The next step is confusion. instability, if not worse,” added the president of the European Central Bank, after participating in the annual meetings of Jackson Hole (Wyoming, West) alongside her counterpart from the Central Bank of the United States (Federal Reserve, Fed), Jerome Powell.

Since his return to power in January. US President Donald Trump has been united states, lagarde defends independence calling for a decrease in interest rates from the Fed, which influence borrowing costs and the march of the economy.

The Republican has embarked on a sap company by Mr. Powell, in the hope of accelerating his departure from the institution.

The mandate of the boss of the Fed, in almost irremovable theory, runs until the spring of 2026.

Jerome Powell is not the only one to fix American guiding rates. So Donald Trump also seeks to reshape the rest of the federal reserve committee. in order to place people more in line with his vision of the economy.

He recently widened his targets by demanding the departure of Governor Lisa Cook. accused by his camp of having falsified documents to obtain a mortgage.

AFP/Rp