Bank of England 'very concerned' at Trump threats to US Fed

Bank of England governor Andrew Bailey expresses deep concern over President Trump's threats to the US Federal Reserve's independence, calling it a "very serious situation." Bailey warns against compromising central bank independence, echoing fears voiced by European Central Bank president Christine Lagarde. Amid Trump's pressure for rate cuts, Bailey notes uncertainty in the Bank of England's future decisions, with inflation remaining a key factor in the UK's economic stability. Bailey emphasizes the importance of maintaining a stable economy to support sound policy decisions, cautioning against jeopardizing this foundation.