Fed losing independence would pose a serious danger, says Lagarde

ECB Warns Against Trump's Interference with Fed's Independence Christine Lagarde, head of the European Central Bank (ECB), cautions that any attempt by President Trump to undermine the US Federal Reserve's independence would pose a significant threat to the global economy. Lagarde highlights the importance of the Fed's role in maintaining economic stability, emphasizing that yielding to political pressures could have far-reaching consequences. Trump's repeated criticism and desire for drastic interest rate cuts have fueled tensions with the Fed, leading to concerns about the impact on economic policies and international stability.