The president of the European Central Bank (ECB), Christine Lagarde, warned on Monday that if the US president, Donald Trump, in view of her decisions and statements to achieve it, “it would be a very serious danger for the US economy and for the world economy.”
In an interview with the French station he considered that this control “will be difficult” taking into account that the Supreme Court has said that.
However, he pointed out that if that happened “it would be a very serious danger to the American economy and for the world economy” because the monetary policy of Fed has effects on price stability and employment and “the effects that would have over the whole world would be very worrying.”
The case of Lisa Cook’s dismissal: the nth attack
Trump announced the dismissal of Governor Lisa Cook, who has resorted to this cessation before justice, protecting himself in an investigation for an investigation into a possible mortgage fraud that launched the administration of the US president itself.
A dismissal that occurred in a climate of tension between Trump and the Federal Reserve, which has been pressing for weeks to lower interest rates, when those responsible have been reluctant to do so, especially due to the inflationist risk they see in the rise of tariffs decided by the president.
Asked if he considers that the US remains a rule of law, Lagarde – who has a long professional experience in that country – replied that yes, on condition that the Supreme Court is respected and their decisions are fulfilled. But he added that if that judicial instance is the object of pressures “I am very concerned about the rule of law.”
