Agencies
It would be very dangerous for the global economy if U.S. President Donald Trump were to take control of U.S. monetary policy, European Central Bank (ECB) chief Christine Lagarde warned on Monday.
Trump is seeking to remove Federal Reserve (Fed) Governor Lisa Cook in a move that critics say aims to fill the central bank with officials who will support his calls for lower interest rates. The U.S. president has also repeatedly attacked the Fed’s Chair Jerome Powell for not cutting the short-term interest rate and threatened to fire him.Lagarde told France’s Radio Classique that it would be “very difficult” for Trump to “completely swing the majority of the Fed’s policymaking body in his favor.” But, she said, “if he were to succeed, it would be a very serious danger for the U.S. economy and for the world economy.” She noted that the central bank’s policies…
